22 U.S.C. § 2281 | “Debt-for-nature exchange” defined

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)

section 2283 of this title 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 ); 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 Pub. L. 101–240, title VII, § 711Dec. 19, 1989103 Stat. 2521 (, pt. I, § 461 [471], as added , , .)

Editorial Notes

References in Text

Section 2283 of this title section 463 of Pub. L. 87–195 section 463 of Pub. L. 87–195 section 463 of Pub. L. 87–195 section 2273 of this title, referred to in par. (1), was in the original “section 463”, meaning , which has been translated as meaning relating to eligible projects rather than , relating to the peace process in Central America, which is classified to .

Codification

section 461 of Pub. L. 87–195 section 2271 of this titleAnother is classified to .

Prior Provisions

Pub. L. 87–195 Pub. L. 89–583Sept. 19, 196680 Stat. 802 Pub. L. 95–424, title VI, § 604Oct. 6, 197892 Stat. 961 Oct. 1, 1978A prior section 2281, , pt. I, § 471, as added , pt. I, § 110, , , related to agreements with less developed countries for establishment of Joint Commissions on Rural Development, prior to repeal by , , , effective .