Monday, August 25, 2008

Debt for Nature swap

The Nature Conservancy borkered the largest ever debt for for Nature swap under the Tropical Foresty Conservation act in October soo7.

Under the terms of the deal, the USA has forgiven $26 million of Foregin Debt owed by Costa Rica, in turn Costa Rica will spend the equivalent amount preserving some of Costa Rica's must pristine tropical rainforest.

To read more about this Debt for Nature swap brokered by the Nature Conservancy click here.

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