Bosnia: WB sets aside USD 8.7mn for Drina River basin projects, News
World Bank’s Board of Executive Directors has approved grants totaling USD 8.73 million for the West Balkans Drina River Basin Management Project. Serbia will receive 2.63 million of this sum.
As part of the two projects – Global Environment Facility and Special Climate Change Fund, the World Bank also earmarked USD 3.37 million for Bosnia-Herzegovina and USD 2.72 million to Montenegro.
The project aims to ensure a rational and equitable management of the Drina River basin supporting the significant socio-economic development opportunities offered by its abundant natural resources, while at the same time protecting the environment, “and will strengthen the mechanisms for cooperation among Bosnia- Herzegovina, Montenegro, and Serbia regarding this shared resource.”
The project will also help deal with climate change-related disasters, notably floods and droughts, the bank said in a release quoted by Tanjug.
“This project will support the countries in optimizing management of the shared river basin. It will also support their preparedness related to extreme weather events, given that in recent years, disastrous floods and seasonal droughts have become more frequent and have caused severe damage,” said Anna Cestari from the World Bank.
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power