Debt-for-Nature Initiatives and the Tropical Forest Conservation Act : Status and Implementation

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Provides description of debt-for-nature transactions, which involve restructuring, reducing, or buying a portion of a developing country's outstanding debt, and using a percentage of the proceeds t...

Provides description of debt-for-nature transactions, which involve restructuring, reducing, or buying a portion of a developing country's outstanding debt, and using a percentage of the proceeds to support conservation programs within the debtor country. Reviews P.L. 105-214, the Tropical Forest Conservation Act of 1998, which generates funds to conserve tropical forests by reducing the external debt of countries with such forests. Discusses role of Congress in debt-for-nature initiatives and prospects for future directions. Lists related laws and appropriations that support debt-for-nature initiatives. Includes tables and graphs.

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