World Bank Assists Brazil in Conserving Biodiversity

The World Bank has approved a USD5 million grant for a

in the Brazilian state of Rio Grande do Sul. The project will oversee the conservation and restoration of the biodiversity in the state's grassland ecosystem, which is home to a large number of endemic bird species. Specifically, the project will leverage resources of the state and support the development and implementation of economic incentives that aim to encourage participation from the private sector.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.