The World Bank is creating a $150 million fund to protect regions facing threats to plants and animals, the Associated Press reported Aug. 22.
The bank has committed $15 million over five years to the new “Critical Ecosystem Partnership Fund,” with matching dollars to come from two groups – Conservation International and the Global Environment Facility.
Conservation International is a nonprofit that works to protect plant and animal diversity in 32 countries on four continents. The Global Environment Facility, an independent agency based at World Bank headquarters in Washington, D.C., works with developing countries to protect the environment.
Other donors will be sought to raise the remaining $75 million.
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