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9th Grade - Geography - Unit 5 - Resources of the Rainforest: 1. Rainforest for Debt Programme

Proposal

 

Your proposal is: to sell Makiling reserve to the Chinese government in order to reduce Philippine national debt and rais much needed income.

Definition

Rainforest Debt reduction programme – Many tropical rainforests are located in LICs. Many LICs are heavily in debt and often use natural resources such as the rainforest as a way of making money to pay off loans. However, there have been instances when wealthier countries have agreed to write off the debt in return for protecting the rainforest.