The financing will consist of a US$15.36 million credit from the International Development Association (IDA) and a grant of US$8.14 million from the Global Environment Facility (GEF) Trust Fund.
17 May 2011: The World Bank has approved a loan and a grant to finance new models for high-value forest conservation in India, through participatory approaches and mainstreaming of biodiversity conservation outcomes. The financing will consist of a US$15.36 million credit from the International Development Association (IDA) and a grant of US$8.14 million from the Global Environment Facility (GEF) Trust Fund.
The project will seek to demonstrate landscape conservation approaches in two pilot areas, the little Rann of Kutch in Gujarat and Askot in Uttarakhand, as well as to replicate lessons learned at these sites. [World Bank Project Page]