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Belarus builds forest resilience to climate change with World Bank Support

Staff Writer | March 14, 2018
Modern forest management, reforestation and new forest areas will help the Belarusian forest sector adapt to storms, climate change and pests.
Belarus
Ecology   Mogilev and Grodno Oblasts
This is thanks to the EUR 12 million Additional Financing for the Belarus Forestry Development Project (FDP), approved today by the World Bank’s Board of Executive Directors.

The additional financing will enable the scale-up of selected activities initiated under the original project, including the creation of two additional tree nursery complexes in Mogilev and Grodno Oblasts and the purchase of essential forestry machinery and equipment.

With the original loan and the additional financing, six nurseries will be upgraded, one for each Oblast in Belarus.

Cooperation between Belarus and the World Bank in the forestry sector started with the earlier Forestry Development Project, implemented from 1994 to 2002

It promoted economically and environmentally sound practices in the forestry sector, and the move to open market pricing for wood and the liberalization of trade in wood and wood products. The ongoing forestry project approved in March 2015 aims to modernize several aspects of forestry sector operations.

Since the Republic of Belarus joined the World Bank in 1992, lending commitments to the country have totaled $1.7 billion.

In addition, grant financing totaling $31 million has been provided to various programs, including some that involve civil society partners.

The active investment lending portfolio financed by the World Bank in Belarus includes eight operations, totaling $789 million.


 

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