Today we talk with Slav Gachev from The Nature Conservancy to unravel the complexities and triumphs of sustainable debt and conservation finance. Gachev, leading the sustainable debt team, brings a unique perspective shaped by his background in investment banking and emerging market development. He shares his transition from renewable energy and infrastructure financing to his pivotal role at The Nature Conservancy, highlighting the innovative ways in which financial instruments are employed to tackle conservation and biodiversity challenges. Delving into the evolution of debt-for-nature swaps, he explains their journey from small-scale initiatives to groundbreaking transactions like the Belize Blue Bonds, illustrating their significant impact in reducing national debt and bolstering conservation efforts. We also examine the future potential of blue bonds and sovereign debt issuances in mitigating the triple crisis of debt sustainability, biodiversity loss, and climate change. Gachev emphasizes the importance of these financial tools in the conservation community and their role in forging sustainable solutions for both governments and the environment. The conversation shifts to explore the innovative work of Gachev's team, the broader implications of debt in environmental conservation, and the necessity of recognizing the economic and financial returns from investing in nature. This episode is a deep dive into the world of conservation finance, where debt transforms into a powerful agent for ecological preservation and economic resilience.