Interfax News Agency, August 31, 2000
World Bank to Release $60 Million Forest Loan to Russia
The World Bank has not frozen a$ 60 million loan for sustainable
forest management projects in Russia, and has recently
confirmed that it plans to implement this project and release the
funds, First Deputy Natural Resources Minister Yuri Kukuev
said.
The delay in the release of the loan was not related to the
elimination last spring of the Federal Forestry Service and its
restructuring into a department of the Natural Resources Ministry,
Kukuev told a news conference on Friday.
Forestry service officials had said earlier that the World Bank had
informed the Russian government in writing that it planned to
freeze the loan.
The loan was intended for three pilot projects to create a system of
sustainable forest management in the Leningrad region and
the Krasnoyarsk and Khabarovsk territories.
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