Current as of January 01, 2018 | Updated by FindLaw Staff
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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).
Cite this article: FindLaw.com - 22 U.S.C. § 2281 - U.S. Code - Unannotated Title 22. Foreign Relations and Intercourse § 2281. “Debt-for-nature exchange” defined - last updated January 01, 2018 | https://codes.findlaw.com/us/title-22-foreign-relations-and-intercourse/22-usc-sect-2281.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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