Swap debt for nature

  • 10/04/1998

  • Kuensel (Bhutan)

Two conservative U.S. congressmen are sponsoring legislation which would forgive $400 million of debt owed by developing countries if the money is used to save rain forests. The Tropical Forest Conservation Bill, being pushed by republicans Robert Portman and John Kasich-both of Ohio would empower President Bill Clinton to reduce or 'forgive' debt owed to the United States by developing nations.