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US converts Brazilian debt into environmental protection

by Staff Writers
Brasilia (AFP) Aug 11, 2010
Brazil and the United States have struck a deal under which 21 million dollars in Brazilian debt will be converted into environmental protection programs, the Brazilian government said Wednesday.

The accord permits Washington to forgive that amount of debt over the next five years, in exchange for Brasilia using the money to conserve its non-Amazon tropical forests, the Brazilian environment ministry said.

Officials will formalize the agreement in a ceremony Thursday.

The United States already has similar debt conversion schemes in place with Bangladesh, Belize, Colombia, Costa Rica, El Salvador, the Philippines, Guatemala, Indonesia, Jamaica, Panama, Paraguay and Peru.




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Winds of political change blow through Malaysian jungles
Long Mubui, Malaysia (AFP) Aug 10, 2010
An opposition party poster hanging in a Penan tribal chieftain's wooden longhouse deep in Malaysia's rainforests signals winds of political change blowing across Borneo island. The Penan are among the most disadvantaged of Malaysia's indigenous people, and have for decades fought a one-sided war against the powerful logging and plantation firms that are obliterating their ancestral land. ... read more

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