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decisions are made on a local level, projects can be better adapted to local conditions. The bank has traditionally funded “mega-projects” because they are easier to administer than a number of small projects. Because of the size of these projects, World Bank loans to developing countries are usually substantial, sometimes in the billion-dollar range, adding further debt pressure. In 1987 the bank granted loans exceeding US$15 billion to tropical countries. Some developing countries lack heavy-equipment industries, so a portion of the loan is often returned to the contributing countries in the form of payments for industrialized products and materials. Until recently the concept of sustainable development was foreign to the principal organizations funding development projects, the World Bank and the International Monetary Fund . The World Bank, a multilateral development bank that lends money to help countries develop economically through financing infrastructure and new industries, has historically funded numerous projects that resulted in the destruction of rainforests. The IMF shares a similar record. Corruption and illegal operations are quite costly for governments. The World Bank estimates that illegal logging alone costs developing countries some $15 billion a year in lost tax revenues. The push to compensate tropical countries for the carbon stored in their forests was borne out of an effort by the Coalition of Rainforest Nations during climate talks in Montreal in 200 That eventually led to development of the REDD+ program. Some governments are now listening to scientists, economists, human-rights activists, Indigenous peoples, and environmentalists, and are adopting more responsible approaches of managing forests. Developed, industrialized nations see their chance to help the cause by donating financial support and technical expertise to help initiate new conservation policies. For most of the past century, governments and industry have failed to recognize that tropical rainforests are worth much more than the attractive hardwood timber they contain. They failed to take account of the intricate role rainforests play in hydrological, biological, geochemical, and climatological functioning on Earth. Because all the benefits provided by forests cannot be directly measured and captured, the market under-provides for, hence undervalues, rainforests. True economic analysis should take these indirect values and this economic distortion into account. The World Conservation Union has devised eight categories of protected area, in order to protect biodiversity, yet contribute to sustainable development. These follow a structure like the one mentioned above with buffer zones around the park slated for partial development and two small, strictly protected categories set aside for research only. Such a core area is exemplified by Manu National Park in the Manu Biosphere Reserve which serves as a reserve base for scientists and as a

baby yoda green bay packers full printing hawaiian shirt 21
baby yoda green bay packers full printing hawaiian shirt 21

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