Conservation International Organization

In an effort to bolster rain forest conservation in Latin America, BankAmerica Corp. said it will donate up to $6 million of its Latin American loan repayments to conservation groups. Instead of repaying loans owed to the San Francisco bank, the debtor nation would negotiate with conservation groups and identify environmental projects that the money could fund.

One month after pledging $600 million to Caltech, billionaire Intel Corp. co-founder Gordon Moore has promised $261 million to a Washington-based conservation group. Conservation International will use the funds in its efforts to identify and protect concentrations of biodiversity around the globe. It is the largest gift ever to a private environmental group.

U.S. Group Secures Debt Swap From U.S. Bank: Conservation International announced that it had secured a debt-for-nature swap from a U.S. bank, Signet Bank. Marianne Guerin-McManus, the group's conservation finance director, said that Conservation International had used $246,000 from the U.S. Agency for International Development to buy back close to half a million dollars of Mexican debt held in French francs by Signet Bank.

U.S. Group Secures Debt Swap From U.S. Bank: Conservation International announced that it had secured a debt-for-nature swap from a U.S. bank, Signet Bank. Marianne Guerin-McManus, the group's conservation finance director, said that Conservation International had used $246,000 from the U.S. Agency for International Development to buy back close to half a million dollars of Mexican debt held in French francs by Signet Bank.

One month after pledging $600 million to Caltech, billionaire Intel Corp. co-founder Gordon Moore has promised $261 million to a Washington-based conservation group. Conservation International will use the funds in its efforts to identify and protect concentrations of biodiversity around the globe. It is the largest gift ever to a private environmental group.

In an apparently unprecedented swap, Bolivia has reduced its foreign debt by $650,000 in exchange for establishing 3.7 million acres of conservation areas, a U.S. environmental organization announced Monday. Under the arrangement, the nonprofit group Conservation International said it has agreed to buy the debt and forgive it if Bolivia promises to preserve certain tropical areas in the Amazon region that represent about 1.5% of the South American country's land.

In an effort to bolster rain forest conservation in Latin America, BankAmerica Corp. said it will donate up to $6 million of its Latin American loan repayments to conservation groups. Instead of repaying loans owed to the San Francisco bank, the debtor nation would negotiate with conservation groups and identify environmental projects that the money could fund.

In an apparently unprecedented swap, Bolivia has reduced its foreign debt by $650,000 in exchange for establishing 3.7 million acres of conservation areas, a U.S. environmental organization announced Monday. Under the arrangement, the nonprofit group Conservation International said it has agreed to buy the debt and forgive it if Bolivia promises to preserve certain tropical areas in the Amazon region that represent about 1.5% of the South American country's land.