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Wednesday, July 17

CNN Debt canceled to preserve Peru rainforests: "Under the agreement, $5.5 million of Peru's debt to the United States is canceled, saving the Peruvian government about $14 million in future payments. 'They instead will pay $10 million in local currency into a trust fund in Peru that will benefit conservation,' Symington said. The U.S. funding is authorized by the Tropical Forest Conservation Act of 1998, which encouraged the reduction of foreign debt in exchange for a financial commitment to forest conservation." This is a great chance for Peruvian and US environmental groups to work together. Even a Republican administration can be eco-friendly.

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