Hanoi wins WB credit for rural road revamp<\/p>\n
HANOI (Reuter): The World Bank said yesterday that it would
\nlend Vietnam $55 million for a project to revamp rural access
\nroads in 15 of the country's poorest provinces.<\/p>\n
The International Development Association credit will cover
\nmost of the project's $60.89 million cost and the government of
\nVietnam will provide the balance, the Bank said in a statement.<\/p>\n
\"The project will boost poverty alleviation and rural
\ndevelopment...\" it said. \"By improving road systems, rural areas
\nwill gain better access to agricultural technology, efficient
\nmarketing opportunities and corresponding economic activities.\"<\/p>\n
Vietnam's rural areas, where some 57 percent of the people
\nlive below the poverty line, have lagged behind urban areas in
\ngrowth and development during the past decade of reform.<\/p>\n
The Bank said a lack of rural infrastructure and inadequate
\naccess to markets have contributed to persistent poverty and
\nmalnutrition. Most rural roads are in poor condition,
\ninaccessible during the wet season and an impediment to trade and
\ngrowth.<\/p>\n
The Vietnamese government's rural development strategy has
\nbegun to target investment in economic infrastructure,
\nparticularly in roads and transport systems.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hanoi-wins-wb-credit-for-rural-road-revamp-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}