Romania Gets World Bank Grant for Environment
5/28/99
*******************************
RELAYED TEXT STARTS HERE:
Title: Romania Gets World Bank Grant for Environment
Source: Reuters Limited
Status: Copyright 1999, contact source for permission to reprint
Date: May 28, 1999
BUCHAREST - The World Bank gave Romania a $5.5 million grant under a
global environment facility (GEF) project to help preserve ecosystems
in the Carpathian mountains, a bank statement said yesterday.
The project total cost is $8.8 million, with money coming also from
Romania's government and the National Forest Authority.
It aims to help management of protected zones, develop three pilot
rural areas in the Carpathians and improve people's awareness of the
need to preserve biodiversity, said the statement.
The World Bank director for Romania Andrew Vorkink is currently in
Bucharest for talks with Romanian authorities on a comprehensive
draft long-term development programme for the country and other
projects. The Bank's board is expected to discuss a $300 million
Private Sector Adjustment Loan (PSAL) next month, on which
negotiations had been completed in March.
A World Bank report shows its loan commitments to Romania since the
1990 totalled about $2.5 billion in February.