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Romania to borrow 60 mln euro from IBRD to reduce pollution from agri sources

Romania to borrow 60 mln euro from IBRD to reduce pollution from agri sources oticki/Shutterstock.com

BUCHAREST (Romania), September 22 (SeeNews) - Romania's government said it will contract a 60 million euro ($59.2 million) loan from the International Bank for Reconstruction and Development (IBRD), part of the World Bank group, to finance a project to reduce pollution from agricultural sources.

The five-year project aims to protect water quality against pollution caused by nitrates from agricultural sources, the government said in a document published on its website on Wednesday.

The project will have four pillars: support for institutional strengthening, investments for knowledge exchange, innovation and knowledge transfer, as well as an awareness campaign and project management.

The environment ministry will be designated as the implementing agency for the project.

The ministry is currently developing two projects for agricultural pollution control which will end in June next year, also financed with funds from the IBRD.

($=1.014 euro)

 
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