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Brazil exchanges debt with USA for environmental p

Brazil exchanges debt with USA for environmental preservation

This Thursday, 12, the governments of Brazil and of the United States sign agreement to reduce the payments of a Brazilian debt in the approached value of US$ 21 millions along the next five years.

In exchange, the United States wants the Brazilian promise of allocation of this value to programs of conservation of the Atlantic Forest, Cerrado and Caatinga biomes.

The agreement between the two countries became possible thanks to the Tropical Forest Conservation Act (TFCA) of the USA, the Law for the Conservation of Tropical Forests, of 1998.

According to the Ministry of the Environment, resources offered through the TFCA they support initiatives like the conservation of protected areas, the handling of natural resources and the development of sustainable activities of subsistence for wild communities.

The United States already secured 16 agreements like this one, but, with Brazil, it will be the first.

Agreements were already signed with Bangladesh, Belize, Botswana, Colombia, Costa Rica, El Salvador, Guatemala, Indonesia, Jamaica, Panama (two agreements), Paraguay, Peru (two agreements) and Philippines.

The expectation is that this mechanism manages more than US$ 239 millions in funding for the protection of the tropical forests.

The resources originated from the agreement to exchange the debt for actions of conservation will help Brazil to protect the Atlantic Forest, other tropical forests and the Riparian Forests of the Cerrado and of the Caatinga.

These biomes make the country the biggest one in biodiversity of the entire world.

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