About TFCA Kalimantan
TFCA Kalimantan, 08/11/2015
The Tropical Forest Conservation Act (TFCA) of 1998 was established to help eligible low and middle income countries with concessional loans from the United States Government to substitute some portion of their debt obligations for local currency obligations toward domestic tropical forest conservation and protection activities. TFCA is implemented through bilateral agreements with eligible countries. Fourteen countries have concluded 17 TFCA agreements as of December 2010 including Indonesia. The United States and Indonesia conducted a first TFCA agreement that focused on the conservation of the forests of Sumatra, called TFCA Sumatera (find out more about TFCA Sumatera at www.tfcasumatera.org).
The 2nd TFCA agreement was signed on 29 september 2011 between US Government (USG), Government of Indonesia (GOI), also The Nature Conservancy (TNC) and World Wide Fund for Nature Indonesia (WWF Indonesia) as swap partner, to protect globally significant biodiversity, secure forest carbon, and improve community livelihoods in a manner consistent with protecting forest in Kalimantan(hereafter referred to as TFCA Kalimantan).
TFCA Kalimantan program will be held until 2019, implemented through grant-making that administered by an Administrator (KEHATI-Indonesian Biodiversity Foundation) to eligible entities, that their proposal has been approved by Oversight Committee TFCA Kalimantan (read more about Oversight Committee at management page).
TFCA agreements consist of 3 agreements that are interlinked and are an integral part of each other, namely: (1) Debt for Nature Swap with Respect to Certain Debt Owed by the Government of the Republic of Indonesia to the Government of the United State of America Agreement, (2) Swap Fee Contractual Agreement among the Government of the United State of America, The Nature Conservancy, and Yayasan World Wide Fund for Nature – Indonesia, and (3) Forest Conservation Agreement (FCA) among the Government of the Republic of Indonesia, The Nature Conservancy, and Yayasan World Wide Fund for Nature Indonesia.