(VOV) – The International Fund for Agricultural Development (IFAD) on March 28 signed a funding agreement in its headquarter in Rome,to provide US$34 million to help Vietnam cope with climate change.
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The signatories to the agreement were Vietnamese ambassador to Italy Nguyen Hoang Long and IFAD President, Kanayo F.Nwanze.
The aid will be funded under the most preferential conditions to carry out a project to develop rural areas sustainably and cope with climate change in the Mekong River Delta, especially in Ben Tre and Tra Vinh provinces.
More than 30,000 households, mostly women and ethnic minority groups will benefit directy from the project which focuses on raising awareness and strengthening capacity to respond to climate change.
IFAD President, Kanayo F. Nwanze praised Vietnam’s agricultural and rural development achievements and poverty reduction efforts as well as its effective use of IFDA’s funding over the past 20 years.
He affirmed that his organization has pledged to continue supporting the implementation of cooperative projects with Vietnam.
For his part, ambassador Long thanked IFAD’s support for Vietnam over the years and spoke highly of the shift of IFAD’s cooperation in helping Vietnam to cope with climate change – a difficult issue which Vietnam need to resolve.
The Vietnamese diplomat said that Vietnam needs international cooperation to improve the quality of development. He also assured that Vietnam will use the funding effectively and expressed hope that IFAD will greatly assist Vietnam’s programs on sustainable development of rural areas, climate change adaptation and poverty reduction.
IFAD’s US$34 mil for Vietnam’s climate change response Related image(s)
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