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The Philippines and the US have signed an agreement to protect tropical forests in return for reduced debt payments to Washington  by about $31.8 million (roughly P1.34 billion).

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PALAWAN ISLANDS AND BUKIDNON

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abtest

Phl, US ink debt-for-nature deal

By Zinnia B. Dela Peña | July 26, 2013 - 12:00am

The Philippines and the US have signed an agreement to protect tropical forests in return for reduced debt payments to Washington  by about $31.8 million (roughly P1.34 billion).

Business