Spain Commits €19.5 Million to World Bank's Livable Planet Fund, Announces Broader Support for Debt Relief and Sustainability
Spain, Oct. 15 -- Spain is contributing €19.5 million to the World Bank's Livable Planet Fund (LPF) as part of a new package of support announced today for sustainable development and debt relief. The funding, which reinforces Spain's leadership in addressing global challenges, will help scale up cross-border projects in energy, water, and nature protection.The package also includes an accelerated commitment of €66.67 million to the World Bank Group's Multilateral Debt Relief Initiative (MDRI), with an immediate payment of €40.52 million to help poor countries free up resources for health, education, and jobs. The MDRI cancels the debt that qualifying countries owe to international financial institutions like the World Ban...
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