WB Finances Vietnam Agriculture, Poverty Reduction and Green Infrastructure
The State Bank of Vietnam and the World Bank recently signed four credit agreements totalling US$507 million to support Vietnam’s priorities in sustainable agriculture, poverty reduction, and a bus rapid transit system.
The financing covers four projects: the Sustainable Agriculture Transformation Project (US$238 million); additional financing for the ongoing Livestock Competitiveness and Food Safety Project (US$45 million); additional financing for the Second-phase Northern Mountains Poverty Reduction Project (US$100 million); and the Ho Chi Minh City Green Transport Development Project (US$124 million).
The Sustainable Agriculture Transformation Project supports the government’s efforts to reform the agriculture sector, especially rice and coffee production. It will directly benefit up to 140,000 families in the Mekong Delta by helping them to improve farming practices, invest in processing infrastructure, and link with agri-businesses. The project will also support some 62,000 coffee-producing households of about 250,000 people in the Central Highlands.
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Vietnamese
