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8.5 million USD grant for natural disaster risk management project
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09:09
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08/07/2006
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CPV: The Netherlands ambassador, André Haspels, and the country director of the World Bank in Hanoi, Mr. Klaus Rohland, in Hanoi on July 6 signed documents formalising an 8.5 million USD Dutch financial grant for a natural disaster risk management project in Vietnam.
The minister of the Ministry of Agriculture and Rural Development (MARD), Mr. Cao Duc Phat, and senior ministry staff also attended the ceremony. All parties consider the project a milestone in the effort to save lives, and safeguard livelihoods and economic development by minimising adverse impacts of the frequent storms and floods that occur in Vietnam.
Additionally, the government of Vietnam is contributing 12 million USD, and receiving an 86 million USD World Bank credit and 6 million USD in grants from the government of Japan, bringing the total value of the project to 112.5 million USD. The Dutch contribution will specifically support the implementation of the project’s first phase over the next four years.
The key objectives are to develop community disaster mitigation plans and post disaster management plans at the national level; under the leadership of MARD, to improve integrated planning, also at the provincial level; to improve technical know-how; to complete a national disaster risk mitigation strategy, and to prepare investment plans for infrastructure development.
The Netherlands joined the Vietnamese government in its efforts to reduce poverty and promote sustainable development in 1997, and has since provided broad support for the forestry and water sectors, as well as the health sector in Vietnam. The Netherlands has also helped the country to develop good governance, and the Vietnamese business community to establish sustained trade relations with the Netherlands.
ATP
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