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Peru strikes $20 million debt-for-nature swap to preserve the Amazon Rainforest

In an important conservation move, Peru has signed a groundbreaking $20 million debt-for-nature swap agreement with the United States. This innovative deal redirects debt payments towards vital conservation efforts, primarily focused on safeguarding the Amazon rainforest. Four prominent NGOs, including Conservation International and The Nature Conservancy, have contributed an additional $3 million to support the initiative, further bolstering its impact.
“Our goal is to contribute to the effective management of protected areas and implement other conservation measures in the Peruvian Amazon,” said Fernando Ghersi, director for The Nature Conservancy – Peru.
The agreement is one of the few pieces of good news for Peru, which has faced political and economic instability in recent years. The nation's investment grade suffered due to factors such as protests, corruption, and frequent leadership changes. Economic challenges, including a technical recession, posed obstacles to conservation efforts.
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This debt-for-nature swap represents the third agreement of this type between Peru and the U.S., following deals in 2002 and 2008. The U.S. has been actively engaged in similar agreements worldwide, with a total of 22 swaps in various regions, showing the importance of such initiatives in supporting both conservation and climate action.





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16 more agrees trigger social media ads

  • George Kariuki

    39 w

    This agreement is a beacon of hope.

    1
    • Gorffly mokua

      39 w

      This one is a promising one.👏👏

      2
      • johnte ndeto

        39 w

        Preserving the Amazon forest will also protect its inhabitants which really should have positive impact

        1
        • We Don't Have Time

          39 w

          Dear Sarah Chabane Your climate love has received over 50 agrees! We have reached out to Government of Peru by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

          • Esther Wanjiku

            39 w

            This is a huge commitment

            7
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