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Debt-For-Nature
The Nature Conservancy has brokered the largest debt-for-nature swap in history — a deal that will secure long-term, science-based conservation for Costa Rica’s tropical forests:
- The United States will forgive $12.6 million in debt owed to it by Costa Rica.
- This move will in turn provide $26 million that will be used to finance forest conservation in Costa Rica over the next 16 years, protecting one of the world’s richest natural treasures for future generations.
This debt swap is unique in that it utilizes scientific analysis to determine the sites towards which the funds will be directed.
— Zdenka Piskulich
Program Director – Conservancy in Costa Rica
For the full story go here.
Tags: Costa Rica | Green | Nature Conservancy | Politics
