US Enters DebtforNature Swap With Indonesia
Posted on 29. Jul, 2009 by admin in Blog News
The United States has signed an agreement to forgive nearly $30 million in Indonesian debt in return for the large Southeast Asian country agreeing to protect forests on Sumatra Island. The deal is the largest debt-for-nature swap the U.S. government has organized so far under the U.S. Tropical Forest Conservation Act and its first such deal with Indonesia – one of the fastest deforestation rates in the world. VOA reports: Logging in the forests of Indonesia A tree is felled in the forests of Indonesia. A…
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US Enters DebtforNature Swap With Indonesia
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