Govt Agrees To $36 m Climate Change Loan
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First published in Sanctuary Asia,
Vol. 31
No. 7,
July 2011
The meeting between the World Bank officials and a team led by the Joint Secretary of the Ministry of Environment, Meena Khanal, in Cape Town, decided to go ahead with the Pilot Project Climate Resilience through loan and grant.
The parliamentarians and civil society have been criticising the loan stating that climate change is a problem entirely created by the developed countries and the support to fight it should be unconditional.
However, the ministry has defended its move saying that the country needs the money to fight climate change. “We need the money and in our experience, the loan is more effective than grant. So, we need to focus on its effectiveness rather discussing whether it is loan or grant," said Krishna Gyawali, Secretary, Ministry of Environment. Read the full report here.
Source: The Himalayan Times, Kathmandu.
