Sunday, March 18, 2018

World Bank grants Sudan 5 mln USD for reducing emissions from deforestation

Mohamed Othman al-Rekabi
The World Bank has provided a grant of 5 million U.S. dollars to Sudan for reducing emissions from deforestation and forests degradation, a Sudanese official said Sunday.
Sudanese Minister for Finance Mohamed Othman al-Rekabi said the grant is "an additional fund from the World Bank after a successful phase of the initial program for reducing emissions ensuing from deforestation and forest degradation."
The finance minister met with World Bank Resident Representative Adama Coulibaly.
Al-Rekabi added the "grant comes in obligation by the bank to the items of spending on the program," referring to REDD+ Program with Sudan six years ago to reduce emissions, counter drought and minimize poverty rate in Sudan.
The REDD+ Program, a climate change mitigation approach, is supported by the UN Program on Reducing Emissions from Deforestation and Forest Degradation (REDD), which partners developing countries in implementing REDD+ by helping them meet the UN requirement to get REDD+ payment.
The REDD+ aims to prepare references for measuring listing forests, setting up follow-up programs, evaluating and verifying within the framework of agreement on combating climate change funded by the World Bank and donors
Source: Xinhua

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