ADB approves $180m loan for Vietnam<\/p>\n
HANOI: Vietnam is to get a US$180 million soft-loan package from
\nthe Asian Development Bank (ADB) to improve the water security of
\npoor people in rural areas, officials said on Thursday.<\/p>\n
The money will finance a project to provide the poor in the
\ncountryside with a better access to water for health and
\nlivelihoods, an official from Ministry of Agriculture and Rural
\nDevelopment (MARD) said.<\/p>\n
Vietnamese government will invest another $75 million to the
\nproject, according to a letter of intent signed by MARD's
\nMinister Le Huy Ngo and ADB President Tadao Chino last Friday in
\nKyoto.<\/p>\n
The project, which will also help Vietnam improve pro-poor
\nwater management, reduce vulnerabilities and create a sustainable
\nnatural resource base, will serve as a model for similar
\ninitiatives in other countries in Asian and Pacific region, ADB
\nsaid in a statement.<\/p>\n
Vietnam has a long history of water management in response to
\nwater shortages during the dry season, a monsoon system that
\nregular causes extensive flood damage, and a need to intensify
\nagricultural production. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/adb-approves-180m-loan-for-vietnam-1447893297",
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