World Bank Offers Brazil $1.2 Billion for Conservation

WASHINGTON, DC, August 25, 2004 (ENS) – The World Bank has decided to extend loans totaling US$1.2 billion to Brazil over four years to support the South American country's goal of balancing economic growth with social development and the improvement of environmental quality. The first loan of the series, for US$505 million, was approved by the Bank's Board of Executive Directors on Tuesday