Second Debt for Nature Swap


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).

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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).


Projects Financed by the Second Debt for Nature Swap

Some examples of achievements in the 2017-2018 period

Purchase of Specialized Equipment

With FUNDECOR’s help specialized equipment was purchased for fire management in Lomas Barbudal Biological Reserve and in Guanacaste, Santa Rosa and Rincón de la Vieja National Parks. Also, thanks to the Ecotropic Foundation, equipment was acquired to delimit Carara National Park and Cerro Vueltas Biological Reserve.

Generation of Employment Opportunities and Local Enterprises

In the Sacramento and Paso Llano communities (Barva, Heredia), with the support of the CCT, a series of trainings were offered for food services, customer service, financial practice, and enterprise development. This project laid the groundwork for these communities to generate employment and new economic activities that directly and indirectly benefit Braulio Carrillo NP.

Monitoring and Water Resources

Working with FUNDACA, the recovery of water bodies in the Corral de Piedra and Mata Redonda wetlands is underway. Also, FUNDAUNA-HIDROCEC participated in the evaluation of water quality in the Tempisque River in order to propose an integrated water resource management in Cipaní NWR. With support from the national water management company (Acueductos y Alcantarillados), the National Service for Subterranean Waters, Irrigation, and Drainage (SENARA); municipalities of Liberia, Filadelfia, Bagaces, and Cañas; and private agricultural companies such as Hacienda El Viejo, participated in eight work sessions and four field trips.

Climate Change Adaptation Plans

FUNDECOOPERACIÓN co-facilitated the development of climate change adaptation plans in Guanacaste and Tortuguero CAs. These plans offer guidance to manage socioenvironmental problems that erupt from climate change.


CCT led the development of construction blueprints for a visitor center, campground, and a parking lot for the Barva Volcano sector of Braulio Carrillo National Park. Proposals and designs were generated to improve tourist experience along trails in Barra Honda and Diriá National Parks and Iguanita National Wildlife Refuge. ProParques Foundation supported the construction of two bridges, improved a trail and steps in Tenorio Volcano National Park.

Similarly, various building plans (mechanical, architectural, and electrical) were prepared for priority infrastructure in different NPA:

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