The United States announced its biggest ever "debt-for-nature" swap, forgiving 24 million dollars of Guatemala's foreign debt to Washington in exchange for a pledge to protect tropical forests in the central American nation.This is what I call a smart policy, after all, what are $24 million for the most powerful economy in the world? Drops of water in the ocean.
This way we get to save a portion of the tropical forests that could yield incredible scientific and medical discoveries, we save myriads of plants and trees from certain death, and we ingratiate a country and a people that can now invest those funds it owed us toward improving their daily lives.
Do you think that holding out a helping hand, as opposed to say, military occupation, would be helpful in the Middle East as well? Hmm... Just a thought.
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