WB project benefits low-income earners
Saturday, 10:39, 07/09/2013
The State Bank of Vietnam (SBV) and the World Bank (WB) on September 6 signed a credit agreement worth over US$55 million to help people on low incomes improve their standard of living.
The credit will be used for a WB innovations project on developing and supplying high-tech products at low prices in traditional medicine, information technology and communication, agriculture and aquiculture for the sake of the poor.
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The initiative will help realise the dual targets of enhancing productivity through effective technological usage and continuous poverty reduction, said WB Country Director in Vietnam Victoria Kwakwa.
It also means to help policymaking agencies enhance their proficiency in supervising, implementing and evaluating policies.