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Jakarta (
ANTARA News) - The United States and Indonesia on signed a $28.5 million
debt-for-nature swap agreement on Monday, the US Embassy here said in its
official website on Monday.
The
agreement was signed under the U.S. Tropical Forest Conservation Act (TFCA) of
1998 that will reduce Indonesia`s debt payments to the U.S. Government over the
next eight years by nearly $28.5 million.
In return,
the Government of Indonesia will commit these funds to support grants to
protect and restore the country`s tropical forests in Kalimantan. This
agreement, in partnership with World Wide Fund for Nature-Indonesia (WWF) and
The Nature Conservancy (TNC), will be the second TFCA debt-for-nature swap in
Indonesia.
The first
agreement was signed in 2009 and supports forest conservation activities on the
island of Sumatra.
Both of
these agreements contribute to the climate change and environment objectives of
the US-Indonesia Comprehensive Partnership.
Kalimantan
- Indonesian Borneo - historically has contained some of the world`s most
remote and biologically-rich forests. There are presently up to 15,000
different flowering plants on Borneo and the island is home to a large number
of treasured animal species such as orangutans, clouded leopards, and
"pygmy" elephants.
The second
Indonesia TFCA marks the 18th TFCA deal, following agreements with Bangladesh,
Belize, Botswana, Brazil, Colombia, Costa Rica (two agreements), El Salvador,
Guatemala, Indonesia (now two agreements), Jamaica, Panama (two agreements),
Paraguay, Peru (two agreements), and the Philippines.
Editor: Heru
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