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World Bank grant signed for environment facility

Fiinews by Fiinews
August 17, 2017
in Investment, Projects
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GEF Trust Fund to help strengthen institutional capacity.

India has signed a Global Environment Facility (GEF) Grant Agreement with the World Bank for US$24.64 million for “Ecosystems Service Improvement Project”.

The agreement was signed in New Delhi on 16 August 2017.

The size of project will be financed by the World Bank out of its GEF Trust Fund.

Ministry of Environment, Forest and Climate Change (MoEF&CC) will implement the Project in the States of Chhattisgarh and Madhya Pradesh through Indian Council of Forestry Research & Education under the National Mission for Green India.

It is to strengthen the institutional capacity of the Departments of Forestry and Community Organisations to enhance forest ecosystem services and improve the livelihoods of forest dependent communities in Central Indian Highlands. fii-news.com

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