The international financial institution, World Bank, has authorized a loan of 345 million U.S. dollars. The Bank of China's Beijing office announced on Saturday that this loan is meant to bolster the advancement of environmentally friendly agriculture and of rural areas in the central Chinese provinces of Hubei and Hunan. The allocated funds, in partnership with government subsidies, are intended to mitigate greenhouse gas emissions that emanate from crop and livestock farming. "This program will introduce targets and innovative practices for greening agriculture while enhancing the resilience of the government's rural revitalization program in Hubei and Hunan, generating lessons that can be applied across the country," said Mara Warwick, World Bank Country Director for China, Mongolia and Korea.

https://www.telesurenglish.net/news/WB-Approves-Loan-to-China-for-Agricultural--Rural-Development-20230501-0001.html

#telesurenglish