Second Debt for Nature Swap

POR LA CONSERVACIÓN DE LOS BOSQUES TROPICALES

The Forever Costa Rica Association is administrator of the Second Debt-for-Nature Swap between Costa Rica and the United States, a bilateral agreement for funding the consolidation of SINAC’s protected wild areas prioritized in the Forever Costa Rica Program, within the framework of a commitment assumed by the government of Costa Rica under the United Nations Convention on Biological Diversity (CBD).

Program Website: www.canjeporbosques.org/

The thematic areas financed by the II Debt-for-Nature Swap include ecological representativeness, management effectiveness and adaptation to climate change.

This agreement is governed by the Tropical Forest Conservation Act (TFCA), through which a developing country that has a debt with the United States, in exchange for cancellation of a part of its debt, makes a commitment to create a fund to finance projects for conservation and sustainable use of its tropical forests. The resources for this debt swap reach US$27 million.

The Oversight Committee is the highest body governing the II Debt-for-Nature Swap, made up of five institutions: the government of Costa Rica, through SINAC; the Embassy of the United States; The Nature Conservancy (TNC); EARTH University; and the Organization for Tropical Studies (OTS).

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