Friday, June 11, 2010

World Bank loans MexicoUS$450 million for adapting water sector to climate change

Finchannel,com: The World Bank ’s (WB) Board of Executive Directors approved a US$450 million loan this on June 10 to develop public policies aimed at supporting the Mexican government’s efforts of promoting the adaptation of its water sector to climate change.
The decrease in the availability of water, as well as its deteriorated quality are factors that affect growth and sustainable development. Climate change aggravates these two issues causing a disproportionate impact on the most vulnerable sectors of the population. World Bank research shows that reversing these effects demands water policies that are based on sound regulations, norms and solid financial mechanisms.

According to World Bank , this loan seeks to support government implemented policies that will contribute to the country’s preparedness at the time of confronting the growing impact of climate change through programs implemented by the National Water Commission (CONAGUA, in Spanish). These programs will facilitate the integrated management of water resources and the establishment of regulatory and financial frameworks….

A water tower next to an independence monument in Mexico, shot by Cchhuucchhoogmail, who has released the image into the public domain

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