- If you are not yet a Down To Earth subscriber, please click here to subscribe: Subscription
- If you are an existing Down To Earth subscriber, please log in to download digital archives.
Environment is very low on the list of priorities of the World Bank. It does not give grants. It lends money only to credit-worthy borrowers and to projects that promise high rates of economic return to the donor countries and the bank. Environmental projects are given low priority because the returns are minimal. Similarly, the United Nations Environmental Programme (unep) has the smallest budget among all development agencies in the United Nations and its fortunes are declining every year.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.