Agreement between the Government of the United States of America and the Government of Jamaica concerning the Establishment of an Enterprise for the Americas Environmental Foundation

The purpose of this Agreement is to provide for the establishment of a foundation in accordance with laws of Jamaica which shall promote and implement activities designed to conserve and manage the natural resources and environment of Jamaica in the interest of sustainable development (art. I). The Parties shall agree on the articles of association of the Foundation (art.II). The Government of Jamaica shall also create an environmental fund which shall be administered by the Foundation. The Foundation shall be financed by the Government of Jamaica under a "debt reduction agreement" which allows Jamaica to reduce its foreign currency debt versus the United States by financing in local currency this nature conservation initiative (art. III). The Foundation shall act as a source of finance for eligible projects defined under article VI. (11 articles)