| Introduction
Promoting growth
Human development & poverty reduction
Portfolio & nonlending services
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Operations in support of environmental objectives approved by the
executive directors during fiscal 1998 included projects to reduce industrial pollution
in Egypt and promote integrated water resource management in Morocco.
Environmentally responsible use of agricultural water was also a feature of the Second
Agriculture Sector Loan to Tunisia. And a ground-breaking operation in Morocco
for the first time seeks to preserve the region's unmatched cultural
heritage through an innovative $16 million World Bank loan that will help
rehabilitate the medina of the historic city of
Fez. (Designated a World Heritage Site by the United Nations Educational, Scientific, and Cultural Organization.) The project has adopted a
participatory approach to preserving the medina's cultural heritage and improving the
urban environment and also is expected to provide new income-earning opportunities
for medina residents and to benefit Morocco's tourism industry. Cultural
heritage preservation was also an important component of a $32 million tourism loan
to Jordan.
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