Uruguay receives a pioneering loan, which rewards the fulfillment of ambitious environmental goals

The World Bank's executive board approved a USD 350 million loan for Uruguay that marks a global milestone by linking financing conditions for the first time with the fulfillment of ambitious environmental goals. Aimed at supporting the reform agenda to drive a more sustainable economy and strong, resilient growth, the Development Policy and Reform Implementation Loan (DPL) could see a reduction of up to USD 12.5 million in its interests if Uruguay achieves a verifiable decrease in the intensity of methane gas emissions from the livestock sector.