WB backs low-income people

September 09, 2013 | 10:29
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The State Bank of Viet Nam (SBV) and the World Bank (WB) on September 6 signed a credit agreement worth over US$55 million to improve living standards for low-income people.

The project, which is financially supported by the International Development Association (IDA), a WB organization, is carried out nationwide in 2013-2018 by the Department of Business Development under the Ministry of Planning and Investment.

The credit will develop and provide high-tech products at low prices in traditional medicine, information technology and communication, agriculture and aquiculture for the interest of the poor. 

In addition, it will help fulfill the dual targets of enhancing productivity through effective technological usage and continuous poverty reduction, said WB Country Director in Viet Nam Victoria Kwakwa. 

It also means to help policymaking agencies enhance their proficiency in supervising, implementing and evaluating policies.

 

VGP

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