语言切换
CN
EN
News

World Bank approved two loans totaling 700 million US dollars to help China's development

Date: 2022-04-06
Views: 1

Xinhua News Agency, Beijing, April 1 (Reporter Pan Jie) Recently, the reporter learned from the World Bank that the Executive Board of the World Bank has approved two loans totaling 700 million dollars to China, including 380 million dollars to help China cope with water shortage and ecosystem degradation in the Yellow River Basin, and 320 million dollars to help green agriculture and rural development in southwest China.

In an announcement, the World Bank said that the $380 million World Bank loan to cope with the water shortage in the Yellow River Basin will be matched with more than $1.1 billion of government funds to promote water use efficiency, strengthen water pollution control, improve ecosystem management, and help global biodiversity protection and climate change mitigation.

'This project will elevate the long-term cooperation between the World Bank and China in water resources management and ecosystem protection in the Yellow River Basin to a new level with innovative significance.' Rui Ze, director of the China Bureau of the World Bank, said that by better estimating the available water quantity and formulating a comprehensive management plan within the limits of sustainable water consumption, the project will help China coordinate the trade-offs between scarce natural resources and realize the vision goal of high-quality development of the Yellow River Basin.

On the other hand, a $320 million World Bank loan will join forces with more than $4.69 billion of government funds to help reduce agricultural plastic pollution and greenhouse gas emissions, promote biodiversity conservation and restoration, and incorporate environmental objectives into government rural revitalization planning and investment projects.

Rui Ze said that the project will introduce the development goal of green agriculture, help Guangxi and Guizhou improve the effectiveness and influence of the government's rural revitalization plan, and summarize the development experience that can be popularized and applied nationwide.


Copyright ©2005 - 2013 中投建设集团有限公司
  犀牛云提供企业云服务
Beijing Shanghai Guangzhou Chongqing Fuzhou Chengdu Nanjing Hangzhou Ningbo Haikou Suzhou Shenzhen Hongkong Frankfurt Toronto Melbourne Taiwan
400-857-5885

邮编:330520