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US Swaps Guatemalan Debt for Forest Protection

by Pat Coate | October 05, 2006

Guatemala City, Guatemala - The United States will forgive about 20 percent of the $122 million debt owed by Guatemala so the money can be used to protect threatened plants and wildlife, the government said Monday.

Over US $24 million will be set aside to sponsor conservation projects over the next 15 years in Guatemala's rain forests, mangrove reserves and volcanic mountain chains.

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