Ingresar
Debt swap agreement to direct $20 million for environment protection
By Eproint
El Salvador and the United States signed a Tropical Forest and Coral Conservation Agreement that will re-direct $20 million in debt to a tropical forest and coral reef ecosystem fund in El Salvador and be granted to non-governmental organizations (NGOs) that directly benefit the people of El Salvador.These funds will contribute to the conservation of El Salvador’s extraordinary natural forest areas, home to abundant varieties of animal and plant life. The agreement also includes provision for the conservation of El Salvador’s coral reef ecosystems and shoals, significant to its regional biodiversity and economies.
The first tropical forest agreement between the United States and El Salvador, signed in 2001 is generating $14 million in conservation funds, also contributing to the restoration, conservation, management, and sustainable use of tropical forests throughout El Salvador. In addition, since 2009 a portion of this funding has been directed toward a strategic ecosystem management program which conserves protected natural areas, buffer zones, and coastal marine ecosystems, including mangroves.
The fund administrator for both the 2001 agreement and the new agreement is the Fondo de Inversion Ambiental de El Salvador (FIAES), a conservation trust fund administering multiple accounts from multiple donors, including the Green Climate Fund, the U.N. Food and Agriculture Organization, the U.N. Program for the Environment, among others.
Eproint
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In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.