Forwarded from Blood Meridian
🇵🇪🇺🇸 Peru and US strike $20 mln Amazon-focused debt for nature deal
The United States has struck a deal with Peru that will help the Latin American country restore and protect some of its parts of the Amazon rainforest. The agreements will reduce Peru's debt payments to the United States by over $20 million over the next 13 years.
The debt-for-nature swap, as these kinds of agreements are known will put money towards conserving protected areas of the Amazon.
It is made possible through contributions of $15 million by the U.S. government under the Tropical Forest and Coral Reef Conservation Act and a combined donation of $3 million from four international non-governmental organizations.
This is the third debt-for-nature swap between the United States and Peru and took around two years to finalize. According to the Treasury, the first two swaps occurred in 2002 and 2008 and together generated about $36 million for the restoration and conservation.
🔎 Source
#US #Peru #Amazon
☠️ Blood Meridian
The United States has struck a deal with Peru that will help the Latin American country restore and protect some of its parts of the Amazon rainforest. The agreements will reduce Peru's debt payments to the United States by over $20 million over the next 13 years.
The debt-for-nature swap, as these kinds of agreements are known will put money towards conserving protected areas of the Amazon.
It is made possible through contributions of $15 million by the U.S. government under the Tropical Forest and Coral Reef Conservation Act and a combined donation of $3 million from four international non-governmental organizations.
This is the third debt-for-nature swap between the United States and Peru and took around two years to finalize. According to the Treasury, the first two swaps occurred in 2002 and 2008 and together generated about $36 million for the restoration and conservation.
🔎 Source
#US #Peru #Amazon
☠️ Blood Meridian