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U.S. Debt-for-Nature Swap with Indonesia

The U.S. Government has agreed to forgive $30 million in debt owed by Indonesia in exchange for increased protection of endangered rainforests on the island of Sumatra. This will be the largest ever debt-for-nature-swap since the Tropical Forest Conservation Act was kicked off in 1991 by Bush the senior. Basically, instead of paying the U.S. back, Indonesia has agreed to put $30 million into a trust over the next 8 years that would then issue annual grants for forest conservation work on the island. As much as it sounds like Indonesia is holding their own natural resources hostage, this is one of those things you just have to accept. After all, once our country is polluted beyond recognition, we’ll need something clean to invade and takeover.

By
Rocky Thompson

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