US-Brazil debt for nature swap to protect forests (BBC)

[eppur_se_muova]

The United States and Brazil have signed an agreement converting $21m (£13.5m) of Brazilian debt into a fund to protect tropical ecosystems.

Instead of paying back the debt, Brazil will use the money to conserve its Atlantic coastal rainforest, as well as the Cerrado and Caatinga ecosystems.

All three are under threat from severe deforestation, but receive much less attention than the Amazon.

The US has signed similar debt swap agreements with 15 other countries.
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The debt for nature swap was made under the terms of the US tropical forest conservation act, introduced in 1998.
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more: http://www.bbc.co.uk/news/world-latin-america-10958695




ETA: last para

[Kringle]

1. extortion

reminds me of a magazine back cover.
a few years ago.
......................

...picture of a dog, gun, and a hand...


If you don't subscribe.
we'll shoot this dog