Posted on November 18, 2008 - by James
World Bank: US$200 million for rural finance…
Nhan Dan Online – The World Bank has pledged to provide US$200 million to help improve Vietnamese farmers’ access to finance.
An agreement to the effect, the Vietnam Third Rural Finance Project, was signed in Hanoi on November 14 by State Bank of Vietnam (SBV) governor Nguyen Van Giau and Martin Rama, the World Bank Acting Country Director for Vietnam.
The total cost of this project is US $279.29 million. The remaining US $79.29 million will be provided by the Vietnamese government as the counterpart fund (including contribution capital of the participating credit institutions and the end borrowers)… [click here to read the rest of this article...]
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