§ 2281. “Debt-for-nature exchange” defined

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For purpose of this part, the term “debt-for-nature exchange” means the cancellation or redemption of the foreign debt of the government of a country in exchange for—

(1)that government’s making available local currencies (including through the issuance of bonds) which are used only for eligible projects involving the conservation or protection of the environment in that country (as described in section 2283 of this title); or

(2)that government’s financial resource or policy commitment to take certain specified actions to ensure the restoration, protection, or sustainable use of natural resources within that country; or

(3)a combination of assets and actions under both paragraphs

(1)and (2).

(Pub. L. 87–195, pt. I, § 461 [471], as added Pub. L. 101–240, title VII, § 711, Dec. 19, 1989, 103 Stat. 2521.)

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U.S. Code

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Public Law 101–240
To reauthorize the Export-Import Bank tied aid credit fund and pilot interest subsidy program, to provide for the participation of the United States in a replenishment of the Inter-American Development Bank and in the Enhanced Structural Adjustment Facility of the International Monetary Fund, to imp

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Sec. 612
ELIGIBLE ACTIVITIES AND GRANTEES

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9 references not yet in our index

Pub. L. 87–195
Pub. L. 101–240, title VII, § 711
103 Stat. 2521
section 463 of Pub. L. 87–195
section 461 of Pub. L. 87–195
Pub. L. 89–583
80 Stat. 802
Pub. L. 95–424, title VI, § 604
92 Stat. 961

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§ 2281

“Debt-for-nature exchange” defined

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U.S.C.§ 2283

U.S.C.§ 2273

U.S.C.§ 2271

Pub. L.Pub. L. 87–195

Pub. L.Pub. L. 101–240, title VII, § 711

Stat.103 Stat. 2521

Pub. L.section 463 of Pub. L. 87–195

Pub. L.section 461 of Pub. L. 87–195

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