Peru Signs Debt-for-Nature Swap

Peru Signs Debt-for-Nature Swap

Peru

The US and Peru have signed a debt-for-nature agreement totaling more than $25m in which the US will reduce Peru’s debt payments in exchange for protecting the latter’s tropical forests. This agreement with Peru was made possible by the Tropical Forest Conservation Act of 1998. It will complement an existing TFCA debt-for-nature program in Peru dating from 2002, a 1997 debt swap under the Enterprise for the Americas Initiative, and the US-Peru Trade Promotion Agreement, which includes a number o

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