Japan lends Peru US$120 million to protect rainforests

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LivinginPeru.com
Isabel Guerra

The government of Japan has granted Peru a loan of US $120 million that will be destined for a rainforests’ conservation program, said Antonio Brack, Peru’s Minister of Environment.

The credit, that has an annual interest of 0.10% and will have to be paid in 40 years, will allow Peru to preserve 55 million hectares of primary rainforests of the Amazonia during the next ten years.

Antonio Brack said that the low-interest loan would be disbursed in three stages, with the first payment to be made next year.

The areas that will benefit from this project are protected natural areas, the forests belonging to Amazonic indigenous communities, and the ones destined for forest reserves, conservation and ecotourism.

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