The
World Bank (WB) will provide Vietnam loans of $973 million to carry out three
projects, covering highway, urban development and poverty reduction.
n agreement and related legal documents to the
three projects were signed in Hanoi on Thursday by State Bank of Vietnam
Governor Nguyen Van Binh and WB Country Director in Vietnam Victoria Kwakwa.
Under the agreements, WB will provide $613
million to a $1.455 billion project to build a highway from Da Nang to Quang
Ngai in the central region and build constitutional capacity of highway
development for the Transport Ministry.
The bank will also provide $210 million to
Vietnam to carry out a project to develop medium-scale urban areas in northern
Lao Cai and Phu Ly cities and central Vinh city following a sustainable trend.
WB will give $150 million to the poverty
reduction support credit programme 10 (PRSC 10), bringing total capital from WB
for 10 poverty reduction programmes to $1.625 billion.
PRSC 10 is the last in a chain of PRSCs which
have been carried out in Vietnam since 2001.
PRSC 10 was launched in May 2010, covering 12
areas, including finance and banking, education, healthcare and environment.
VIR - VNA
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