Thursday, February 22, 2024
Good News in the WorldPeru and U.S. Forge $20 Million debt-for-nature pact to preserve Amazon Rainforest

Peru and U.S. Forge $20 Million debt-for-nature pact to preserve Amazon Rainforest

Peru and the United States have forged a groundbreaking $20 million debt-for-nature swap aimed at bolstering conservation efforts in the precious Amazon rainforest. This transformative agreement, the third of its kind between the two nations, will divert debt payments toward vital conservation projects.

The involvement of prominent NGOs, including Conservation International, The Nature Conservancy, Wildlife Conservation Society, and the World Wildlife Fund, further solidifies this commitment to safeguarding one of the world’s most critical ecosystems. This initiative, which builds on previous successful swaps, showcases a promising path forward for sustainable conservation and economic stability in Peru.

Source video: Reuters on YouTube

Source image: Erik_Karits / pixabay

Source: news.mongabay.com

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