International

Ecuador announces debt swap of $1.527 billion to protect Amazon rainforest

On Tuesday, Ecuador announced the exchange of $1.527 billion of its external debt, which will reduce its liabilities and free up $460 million to protect the Amazon rainforest. This money will benefit from the largest fund created through this mechanism.

“We have managed to exchange $1.527 billion of global bonds, which means debt, for a new impact loan of $1 billion with better payment conditions,” said Ecuador’s Minister of Economy, Juan Carlos Vega, during an event attended by President Daniel Noboa in Quito. “With this operation, we have generated more than $460 million, which will be exclusively allocated to the protection of our Amazon,” he added.

Debt-for-nature swaps are designed to help countries refinance their obligations under better conditions and allocate the savings to environmental or social goals.

International

Habeas Corpus at risk as Trump team eyes drastic border policy shift

The White House is reportedly considering suspending habeas corpus, the legal principle that protects individuals against arbitrary detention, as part of its efforts to escalate anti-immigration measures in the United States.

In remarks to reporters, Stephen Miller, a senior advisor to President Donald Trump, argued that the U.S. Constitution allows the suspension of habeas corpus “in times of invasion.”

“It’s an option we are actively considering, and it all depends on whether the courts do the right thing or not,” Miller stated.

The Trump administration has frequently invoked the notion of a “migrant invasion” to justify actions such as the militarization of the U.S.-Mexico border and the deportation of foreign nationals—primarily Venezuelans—to El Salvador’s CECOT megaprison.

International

Maduro to Xi: Venezuela is a loyal friend to China

Venezuelan President Nicolás Maduro assured his Chinese counterpart Xi Jinping, during a meeting held in Moscow on the sidelines of the 80th anniversary of the Red Army’s victory in World War II, that China has “loyal friends” in the Caribbean nation.

“You know that in the Bolivarian Republic of Venezuela you have loyal friends and people willing to continue working for a new world,” said the South American leader, according to footage aired Friday by Venezuelan state broadcaster VTV.

Maduro, accompanied by several of his ministers including Defense Minister Vladimir Padrino López, highlighted the “great results” of a 2023 agreement between China and Venezuela called the “All-Weather and All-Round Strategic Partnership.”

“I believe we can multiply the great results we’re already seeing, and I’m sure that strong and clear guidelines will emerge from this meeting to keep moving forward together,” Maduro added.

International

Iberojet reaffirms commitment to Honduras as Central American Hub

Spanish airline Iberojet and Palmerola International Airport, located in central Honduras, signed a three-year renewal of their exclusive agreement to operate direct flights between the Honduran terminal and the cities of Madrid and Barcelona.

With this renewal, Iberojet—part of the Spanish tourism group Ávoris Corporación Empresarial—reaffirms its commitment to Honduras as its main gateway to Central America from Europe.

The agreement was signed by Iberojet’s Commercial Director, Mario Domínguez, and Erick Spears, Chairman of the Board of Directors at Palmerola.

The signing ceremony took place at the residence of the Spanish Ambassador to Honduras, Diego Nuño García, who served as an honorary witness.