The World Bank approved a loan to fund a the Sustainable Management of Natural Resources and Climate Change Project in Uruguay, which aims at increasing the resilience of agricultural systems to the effects of climate change.
The loan will focus on creating a National Agricultural Information System, improving production systems, and providing training.
17 November 2011: The World Bank has approved a US$49 million loan to Uruguay to support the Sustainable Management of Natural Resources and Climate Change Project, a system of more environmentally-sustainable farming practices to adapt agricultural production to the effects of climate change.
The loan will support three main lines of action of the project, namely: creating a National Agricultural Information System; improving production systems; and providing training.
First, the creation of an information system will integrate and generate data, such as early weather warnings and natural resource evaluation, to simulate the effects of new sustainable technology. Second, the loan will help improve agricultural productivity by integrating natural resource management practices, as well as reducing greenhouse gas (GHG) emission reductions while increasing resilience to extreme climatic events. Third, training of farmers and technical staff from the institutions responsible for providing technical assistance in these areas will be carried out. [World Bank Press Release]