World Bank approves credit project for VN

June 11, 2011 | 08:38
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The World Bank (WB) has approved a credit project to lend Vietnam $160 million.
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The loan will be financed by WB’s International Development Association (IDA) with a low interest rate and a duration of 35 years, including a grace period of 10 years.

The project will help protect and increase the use of water resources in the Mekong Delta region in agriculture, as well as help local people to use the water resources and adapt to climate change.

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