JAKARTA, Sept. 29 — The U.S. government converts its 28.5 million U.S. dollar loan with Indonesia for a forest conservation program in East Kalimantan of Indonesia, James A. Carouso, economic councilor of the U.S. embassy in Jakarta said here on Thursday.
The swap was expected to help Indonesia reduce gas emission as part of its global participation to curb the global warming threat.
"This is our commitment on bilateral cooperation," the councilor said.
He said that the swap was part of the U.S. government program to allowing debt swaps with countries having rain forests, aiming at encouraging efforts to preserve nature and mitigate global warming.
The Indonesian government has pledged to reduce gas emission by 26 percent by 2020 and would expand the target to 41 percent under the international assistance.
Indonesian President Susilo Bambang Yudhoyono has also signed a deal of deforestation moratorium for two years with the government of Norway last year.
Hartono, secretary at the forestry ministry said that under the program the community would be restricted to have activity around the forest.
"This program is to be carried out by the community. They will be limited in carrying out economic activities around the forest," he said.
President Yudhoyono has reaffirmed commitment to protecting forest and not to sacrifice the rains forest while struggling to boost economic growth amid the gloomy global economy. (PNA/Xinhua) DCT/utb