The Asian Development Bank (ADB) is to help Jiangxi Province, in the People's Republic of China (PRC), develop eco-friendly measures to sustainably manage its forests, which are under threat from over-exploitation. The ADB Board of Directors approved a loan of $40 million for the Jiangxi Sustainable Forest Ecosystem Development Project, which will be used to rehabilitate and develop over 50,000 hectares of forest on barren land and to build up sustainable forestry management practices. It will also support the PRC's ongoing push to provide forest insurance against natural risks. The project will increase income and livelihood opportunities for over 25,000 rural households and contribute to the sequestration of an estimated 150,000 tons of carbon through tree planting," said Yue-Lang Feng, Principal Natural Resources Management Specialist in ADB's East Asia Department. Read More ADB"