Ecuador

Ecuador's gamble to suspend oil drilling in the Yasuní National Park in the hope of obtaining environmental funding from the international community appears to be paying off. The issue was raised at the meeting of the United Nations (UN) General Assembly in New York in late September, where US$52.9mn in new private and public sector commitments were announced. These commitments will help the project make important headway toward its year end fundraising goal of US$100mn, which will be a decisive factor in determining the project's long-term viability.

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