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 Indonesia, U.S. in debt payment deal on forests

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BerichtOnderwerp: Indonesia, U.S. in debt payment deal on forests   Indonesia, U.S. in debt payment deal on forests Icon_minitimedi 30 jun 2009 - 17:49

Indonesia, U.S. in debt payment deal on forests
Tue Jun 30, 2009 7:25am EDT

JAKARTA, June 30 (Reuters) - The United States and Indonesia have signed an agreement to cut Indonesia's debt payments by around $30 million in exchange for saving forests on Sumatra island, the U.S. embassy in Jakarta said on Tuesday.

Indonesia has rich bio-diversity and is home to endangered species such as orangutans and Sumatran tigers, but it also has one of the highest deforestation rates in the world, mainly due to land clearance for farming and plantations.

The rapid rate of deforestation has also helped make Indonesia one of world's top emitters of greenhouse gases.

Under the scheme, Indonesia will place debt repayments into a trust over eight years instead of repaying the U.S. government, the U.S. embassy said in a statement.

The trust will then issue grants for restoration and protection efforts covering about 7.4 million hectares (18.29 million acres) of forest in Sumatra, including the Way Kambas National Park which is known for its elephants' sanctuary.

The U.S.-based Conservation International and the Indonesian Biodiversity Foundation (KEHATI) are also involved in the project and will donate $2 million, the embassy said.

The Indonesian scheme is the largest of its kind under the U.S. Tropical Forest Conservation Act.

Washington has struck similar deals with countries such as Bangladesh, Colombia, Panama and the Philippines. (Reporting by Andreas Ismar; Editing by Ed Davies)






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Indonesia, U.S. in debt payment deal on forests Empty
BerichtOnderwerp: Re: Indonesia, U.S. in debt payment deal on forests   Indonesia, U.S. in debt payment deal on forests Icon_minitimedi 30 jun 2009 - 20:41

Oh, onze grote broer weer h`e, laten de de gehele wereld weten hoe gul ze zijn, maar wanneer gaan ze hun eigen green house gasses verminderen? En dertig miljoen? Dat is een aalmoes voor de VS, en wil dat wat rijst en vlees/vis op het bordje te leggen van de man die een bestaan voor zijn familie probeert uit te hakken? Of zal dat 30 miljoen spoorloos verdwijnen in de murky depts van Indonesia's foreign debts? No one knows, and definitely no one will tell! si Kesasar
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