22 Jun '11, 6pm

World Bank loans Madagascar $52m to address environmental crisis: The loan will fund "conservation, comm... #travel

World Bank loans Madagascar $52m to address environmental crisis: The loan will fund "conservation, comm... #travel

World Bank loans Madagascar $52m to address environmental crisis wildmadagascar.org June 22, 2011 Coquerel's Sifaka. Photo by Rhett A. Butler The World Bank has approved a $52 million loan to bolster conservation efforts in Madagascar, which have suffered from a collapse in funding and governance in the aftermath of a 2009 military coup, reports Reuters. The loan will fund "conservation, community development, and ecotourism activities" over the next three years across 30 national parks and three newly protected areas managed by Madagascar National Parks, the country's independent parks management authority. Money will be used for surveillance and control activities in the protected areas as well as poverty-alleviation initiatives in areas surrounding parks. "Conservation costs money and our support will help protect the island’s unique flora and fauna, both now and in the...

Full article: http://news.mongabay.com/2011/0622-madagascar_world_bank....

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