Hoa Binh makes use of WB’s fund for poverty reduction
Northern mountainous Hoa Binh province authorities had a working session with the World Bank (WB)’s officials to review the poverty alleviation project’s Phase II from 2010-2015 on November 10.
The WB has provided a VND487.6 billion (US$23.18 million) loan for the project which has been deployed in 374 hamlets of 42 communes in five districts of Tan Lac, Lac Son, Yen Thuy, Mai Chau and Da Bac.
After five years of implementation, the project has helped improve incomes and living conditions for local residents as well as bolstering the province’s economic development.
It has created jobs for about 10,000 labourers and reduced the impoverished household ratio to 3.1% a year averagely. It has also contributed to slashing the project zone’s general impoverished household ratio from 36.62% in 2010 to 25% in 2015.
Chairman of the provincial People’s Committee Nguyen Van Quang expressed his hope that during the next phase of the project from 2015 to 2018, the province will receive more support from the WB to achieve its goal of reducing poverty sustainably and promoting socio-economic development in remote areas.
The WB officials made fact-finding tours to infrastructural facilities and talked to local people in project-benefiting Gia Mo commune about the project.
After five years of implementation, the project has helped improve incomes and living conditions for local residents as well as bolstering the province’s economic development.
It has created jobs for about 10,000 labourers and reduced the impoverished household ratio to 3.1% a year averagely. It has also contributed to slashing the project zone’s general impoverished household ratio from 36.62% in 2010 to 25% in 2015.
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Chairman of the provincial People’s Committee Nguyen Van Quang expressed his hope that during the next phase of the project from 2015 to 2018, the province will receive more support from the WB to achieve its goal of reducing poverty sustainably and promoting socio-economic development in remote areas.
The WB officials made fact-finding tours to infrastructural facilities and talked to local people in project-benefiting Gia Mo commune about the project.