2023-09-15 03:08:04
This agreement was made possible under the US Tropical Forest and Coral Reef Conservation Act.
The National Service of Natural Areas Protected by the State (Sernanp) gave an important notice to all Peruvians. It managed to reach an agreement to exchange its foreign debt with the United States for a value of $19.7 million dollars, which will be used to preserve the jungles and forests of Peru, places where most of its biodiversity is concentrated. .
An agreement that is of utmost importance for the protection of the natural resources of the Latin American country, since with this money conservation projects will be started in different Peruvian regions, including conservation and heritage areas such as Madre de Dios, Cuzco, Ucayali, Puno, Junín, Apurímac, Huánuco, Pasco and Loreto.
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The initiative will be led by the Fund for the Conservation of Tropical Forests (ACBT). This entity will be in charge of executing the money, being in charge of National Parks, Communal Reserves, Protection Forests and several Regional Conservation Areas.
The government of the ???????? signed a $20 million debt exchange agreement to support the conservation of the Peruvian Amazon????????. These funds will help preserve Peru’s natural resources and biodiversity, and combat climate change. pic.twitter.com/ZeSZbJoPic
— Lisa Kenna (@USAmbPeru)
September 7, 2023
Resources will also be allocated to protect the territories of indigenous peoples and local communities that depend on these ecosystems to survive.
Through this agreement, the debt that Peru has with the United States, for a value of $19,577,440 dollars, will be significantly reduced over the next 13 years. But, this would not be the first time that the South American country has achieved a similar agreement, it had already made two agreements in 2002 and 2008 for a combined value of $36 million dollars.
So this would be the third debt-for-nature swap signed by both countries, and it was possible through the contribution of $15 million dollars from the US government, within the framework of the Forest and Coral Reef Conservation Act. US Tropicals
In addition to donations from non-governmental organizations such as Conservation International (CI), The Nature Conservancy (TNC), Wildlife Conservation Society (WCS) and World Wildlife Fund (WWF), which donated a total of $3 million to support this initiative of conservation.
The document, which closed the agreement, was signed by the Minister of Economy of Peru, Alex Contreras, and the United States ambassador to Peru, Lisa Kenna.
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