The Governments of the United States of America and the Federative Republic of Brazil sign on Thursday (August 12, 2010) a Debt-for-Nature Agreement to reduce Brazil's debt payments to the United States by close to 21 million dollars over the next five years. In return, the Government of Brazil has committed these funds to support grants to protect the country's tropical forests.
The agreement with Brazil was made possible by the innovative Tropical Forest Conservation Act (TFCA) of 1998. Under the agreement, grants will support activities to conserve protected areas, improve natural resource management and develop sustainable livelihoods for communities that rely on forests.
The Brazil Agreement marks the 16th initiative under the Tropical Forest Conservation Act. Previous agreements have been signed with Bangladesh, Belize, Botswana, Colombia, Costa Rica, El Salvador, Guatemala, Indonesia, Jamaica, Panama (two agreements), Paraguay, Peru (two agreements), and the Philippines. Over time, these debt-for-nature programs will together generate more than 239 million dollars to protect tropical forests around the world.
Redes Sociais