U.S. Swaps Guatemalan Debt for Forest Protection

U.S. Swaps Guatemalan Debt for Forest Protection

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“The United States will forgive about 20 percent of the $122 million debt owed by Guatemala so the money can be used to protect threatened plants and wildlife.” It’s thanks to a 1998 law, the Tropical Forest Conservation Act, “which allows debt owed to the United States to be invested in protecting the environment.” $24 million will now serve to protect species and land. (Oct 2, 2006, Reuters)

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