In order for a foreign country to be eligible to participate in a debt-for-nature exchange under this part, the Administrator of the Agency for International Development shall determine that—
the host country is fully committed to the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange;
a long-term plan has been prepared by the host country, or private conservation group, which adequately provides for the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange or that such a plan will be prepared in a timely manner; and
there is a government agency or a local nongovernmental organization, or combination thereof, in the host country with the capability, commitment, and record of environmental concern to oversee the long-term viability of the program or project that is to be undertaken through the debt-for-nature exchange.
Pub. L. 87–195Pub. L. 101–240, title VII, § 711103 Stat. 2522(, pt. I, § 464 [474], as added , , .)
Editorial Notes
Codification
section 464 of Pub. L. 87–195section 2274 of this titleAnother is classified to .