Tropical Forest Conservation Act (TFCA) Eligibility Requirements
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The heavily forested mountains flanking Breeze Gully in Jamaica help ensure high numbers of native plants and wildlife.
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To be eligible for TFCA (and for EAI), a developing country must have tropical forests, owe the U.S. Government qualifying debt, and meet certain political and economic criteria.
- Qualifying debt
Treatable debt is official debt owed to the U.S. Government that is outstanding as of January 1, 1998 as a result of:
- concessional loans made to an eligible country by the U.S. under part I and part II (chapter 4) of the Foreign Assistance Act of 1961, or;
- credits extended under Title I of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1701 et seq.).
- Political criteria To be eligible, a country must:
- Have a democratically elected government
- Cooperate with the U.S. on drug control
- Not support terrorism
- Not violate internationally recognized human rights
- Economic criteria To be eligible, a country must:
- Have an International Monetary Fund (IMF) program or equivalent.
- Have a World Bank (International Bank for Reconstruction Development - IBRD) or International Development Association (IDA) structural/sectoral loan or equivalent.
- Have investment reforms in place or show significant progress to that end. For example, a bilateral investment treaty with the United States or a World Bank/Inter-American Development Bank (IDB) supported investment program.
- If appropriate, have satisfactory financing program with commercial lenders.
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