TRA VINH (VNS) — Authorities in the Mekong Delta province of Tra Vinh launched a project on Friday worth VND521 billion (US$24.5 million) to strengthen local people's ability to adapt to climate change.
Funding includes VND233.5 billion in loans from the International Fund for Agricultural Development (IFAD), VND126.5 billion in non-refundable aid, VND79.5 billion from the Government and VND81.5 billion contributed by local people.
The project aims to develop sustainable livelihoods for disadvantaged people living in rural areas who are most venerable to climate change and natural disasters.
From 2014 to 2020, it will be implemented in 30 communes across Tra Vinh's seven districts to build climate change adaptation facilities, socio-economic development plans, agricultural production models and small-scale financial funds to provide capital to the poor.
The project is expected to benefit 15,000 low-income households. — VNS