Ecuador has secured $150 million in financing to manage its expanded marine reserve around the Galapagos, but remains open to blue bonds to benefit the environmentally sensitive area, Environment Minister Gustavo Manrique said Friday.
The South American country last year expanded the marine reserve by 60,000 square km , in addition to the 138,000 square km already in place, to protect endangered migratory species between the Galapagos and the Cocos Island in Costa Rica.
"In Lisbon, Portugal, we signed $150 million in contributions from private and multilateral agencies that must be invested over the next five years for the protection of the Hermandad marine reserve," Manrique said in a telephone interview with Reuters.
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