IFAD offers US$33 million to help poor households
(VOV) - The International Fund for Agricultural Development (IFAD) has officially approved US$33 million in financial support for Vietnam to increase the incomes of poor households and reduce the impact of climate change on the disadvantaged districts of Ha Tinh and Quang Binh provinces.
The information was unveiled at the 109th session of the IFAD’s Executive Board which was attended by Vietnamese ambassador to Italy Nguyen Hoang Long, who is also Vietnam’s Permanent Representative at the IFAD.
This is the IFAD’s first aid package for Vietnam under the framework of the country strategic opportunities programme (COSOP) in the new period (2012-2017).
The IFAD is expected to further assist Vietnam to reduce its poverty rate and increase its capability for coping with climate change.