Climate love

Rashid Kamau

5 w

World Bank

Climate love

World Bank approves $150 million loan to Panama for green development



The World Bank has approved a $150 million loan to support sustainable growth and climate resilience in Panama, the lender said in a statement on Thursday.
The Development Policy Loan (DPL) represents the first of two operations in the Central American country, it added, which are designed to support the energy transition, socially-inclusive growth and sustain capital for resilient growth.
Policy reforms implemented under the program should generate results by 2025, the lender said, adding that this should improve access to energy and internet in remote regions and help control deforestation of the country's mangroves.
The project is also expected to help Panama decarbonize its land transportation, protect its ocean, conserve forests and implement more energy efficient policies, it said.
"This financial operation will enhance Panama's efforts in establishing the policy foundations to foster the country's sustainable economic growth, low emissions and resilience to climate change," Panama's economy and finance minister, Hector Alexander, said in the statement.

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37 more agrees trigger social media ads

  • Gorffly mokua

    5 w

    Without Climate finance ,it will be almost impossible to curb climate change. This is great news.

    6
  • Saustine Lusanzu

    5 w

    This sounds great

    6
    • Ajema Lydiah

      5 w

      this is good

      8
      • Elizabeth Gathigia

        5 w

        This is great

        14
      • Joseph Githinji

        5 w

        Climate funding is always encouraged.

        16
      Welcome, let's solve the climate crisis together
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