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World Bank sets aside $7M for conservation of 11 sites

Vol. XXI, No. 140 [ Business World Online ]
Friday, February 15, 2008 | MANILA, PHILIPPINES

DAVAO CITY — The World Bank’s Global Environment Facility (GEF) has set aside $7 million for the preservation of 11 sites in Mindanao. The funding will form part of the $90-million Mindanao Rural Development Program, which the bank is supporting and whose primary goal is to address poverty on the island.

In a program statement, the $7 million fund would support seven sites in Western Mindanao, two in the Caraga Region and two others in the Autonomous Region in Muslim Mindanao.

In Western Mindanao, the projects are in the towns of Olutanga, Mabuhay and Talusan in Zamboanga Sibugay; Vencinzo Sagun and Margosatubig in Zamboanga del Sur; and Sibutad and Rizal in Zamboanga del Norte. In Caraga, the identified municipalities are Marihatag and San Agustin and in the autonomous Muslim region, the towns of Lamitan in Basilan and Datu Blah in Shariff Kabunsuan. > > > [ full story ]
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