Cape Verde signed a deal with former colonial power Portugal. Some 140 million euros of debt owed to Lisbon is to be gradually cancelled – on the condition that the entire amount is invested in a climate fund. That fund is then to be used to finance the Environment Ministry plans, though the precise shape of those plans is still under negotiation.

Source: Debt Forgiveness for Cape Verde: A Climate Deal that Could Become a Model for Others – DER SPIEGEL