(VOVworld) - The International Fund for Agricultural Development (IFAD) will provide 33 million USD to a project of sustainable rural development for the poor in Ha Tinh and Quang Binh provinces.
At the signing ceremony in Rome, Italy, on Wednesday, IFAD President Kanayo F. Nwanze applauded Vietnam’s achievements in agricultural and rural development and poverty reduction. As Vietnam was considered a bright example in these efforts, the fund decided to help poor farmers sustain their livings and enhance their ability to adapt to economic crises and climate change.
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| The signing ceremony takes place in Rome, Italy. (Photo: VOV) |
Vietnamese Ambassador to Italy Nguyen Hoang Long said the Vietnamese Government will continue poverty reduction activities. He promised that Vietnam will use assistance from IFAD and other international organizations, expressing his hope that IFAD and Vietnam will continue to broaden their cooperation.
In early December Vietnam will negotiate with IFAD a 14-million-USD loan for climate change adaptation in the two Mekong Delta provinces of Ben Tre and Tra Vinh.