Summary

Tropical Forest Conservation Act of 1998

Poverty and economic pressures on the populations of developing countries have, over time, resulted in clearing of vast areas of forest for conversion to agriculture, which is often unsustainable in the poor soils underlying tropical forests. (6) Debt reduction can reduce economic pressures on developing countries and result in increased protection for tropical forests. (7) Finding economic benefits to local communities from sustainable uses of tropical forests is critical to the protection of tropical forests.
Source: Wikisource

Tropical Forest Conservation Act of 1998

There is established in the Department of the Treasury an entity to be known as the ‘Tropical Forest Facility’ for the purpose of providing for the administration of debt reduction in accordance with this part. Section 805. Eligibility for Benefits. (a) IN GENERAL- To be eligible for benefits from the Facility under this part, a country shall be a developing country with a tropical forest-- (1) whose government meets the requirements applicable to Latin American or Caribbean countries under paragraphs (1) through (5) and (7) of section 703 (a) of this Act
Source: Wikisource

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