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Environmental, Campaign & Website News > US-Brazil debt for nature swap to protect forests

US-Brazil debt for nature swap to protect forests

Date : 12th August 2010, Source : BBC Link to News Story

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.

Document last updated on Wednesday 01 August 2018

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