World Bank, which has for years been accused of being anti-environment be green groups across the planet,
Ift now come up with
a report to
See its green
credentials. The Bank
provided us $10
billions in loans to
earvironmental
projects in 62 countries
shace the 1992 Rio
Earth Summit,
W the report. The
projects focus not
&on pollution
management but also
gaaie water
treatment, support
for
new technologies and
building capacity for environnmental management.
And this is not all.
It is now actively
Jilsing build a
global framework for
actiment-friendl
y investment. The
giving a green touch
to its
billion loan
portfolio that will
Leacla over the next
10-15 years, by
beducing new
environmental plan
g and management
standards. The
6 is on the
developing world,
where
'an change" is
occurring, says
Andrew streer, director of
the Bank's
environmental department.
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