The International Development and Finance Act of 1989
Debt-for-Nature swaps were always going to make it into US legislation. And that happened immediately before Christmas; on December 19, 1989.
Of course, back then you might not have been aware - because in addition to, well, Christmas being just a few days away, on only the following day, the United Stated invaded Panama1.
Of course, Christmas and Panama weren’t the only events distracting Americans. Because December, 1989, in the United States further yielded a cold wave2, breaking many all-time record low temperatures on the US South-East, triggering the largest snowstorm in history.
In other words, it was a perfect time to push through legislation dragging in global warming.
