The World Bank approved nearly US$60 million in loans towards Vietnam�s efforts to improve agricultural competitiveness, the global lender said in a press release Thursday.
The money, which comes from the International Development Association (IDA), the World Bank�s concessionary lending arm for low income countries, will be used for the country�s Agriculture Competitiveness Project.
At the macro level, the Agriculture Competitiveness Project supports the government�s strategy towards market-oriented agricultural development, an important element in Vietnam�s drive to eradicate poverty.
At the local level, it aims to strengthen the competitiveness of small farmers, with a focus on eight provinces in central Vietnam, in collaboration with the agribusiness sector.
The project is expected to improve small farmers� access to markets through the provision of technology services, critical public infrastructure for agriculture and facilitating farmer organizations and linkages to agribusiness.
Reported by Huu Tho (Original source from: Thanhniennews.com)
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