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Jakarta Post

RI, US sign debt-for-nature swap deal to protect tropical forests

  • Esther Samboh

    The Jakarta Post

Jakarta   /   Fri, September 30 2011   /  08:00 am

Representatives from the governments of Indonesia and the United States signed in Jakarta on Thursday a second debt-for-nature swap agreement to protect forests on the country’s largest island, Kalimantan.

With the agreement organized under the US government’s Tropical Forest Conservation Act (TFCA), the US will write off US$28.5 million in Indonesian debt.

The Indonesian government will in turn use the funds to finance biodiversity and forest conservation projects in three districts in the Indonesian part of Borneo, which is home to orangutans, gibbons, clouded leopards, elephants, hornbills and up to 15,000 flowering plants.

The Word Wildlife Fund (WWF) and The Nature Conservancy each contributed $2 million to the deal.

“The swap deal will fund projects in three districts in Kalimantan: Kapuas Hulu district in West Kalimantan province, and Kutai Barat...