Economy & Business - January 2006

Argentina is continuing to grumble about the decision by the World Bank to back the construction of a pulp mill on the banks of the River Negro, the other side of the Argentine province of Entre Rí­os. The Argentine government and environmental groups claim that the huge new pulp mills will cause irreversible damage to the local environment. Besides the pulp mill backed by Botnia from Finland, a Spanish company, ENCE, is also planning a mill.