Egypt: World Bank loans $20 million for pollution reduction
ReutersPosted: March 30th, 2006 by Thomas L. Knapp
“A World Bank-funded anti-pollution project in Egypt is likely to have a limited effect on one of the world’s most polluted countries, say local environmentalists, though some consider it an important step in a wider effort to reduce air pollution. On 23 March, the World Bank approved a US $20-million loan to finance the Second Pollution Abatement Project (SPAP), the second phase of a long-term project to fight air pollution. SPAP seeks to use a combination of grants and soft loans to diminish the number of air pollutants emitted by Egyptian factories.” (03/30/06)
