Spain gives nearly US$11 mil to Central Region poverty reduction
The Spanish Government and the International Fund for Agricultural Development’s Executive Board have approved EUR7.9 million in Spanish Food Security Co-Financing Facility Trust funding for helping poor households in Ha Tinh and Quang Binh provinces.
The Spanish Government and the International Fund for Agricultural Development’s (IFAD) Executive Board have approved EUR7.9 million in Spanish Food Security Co-Financing Facility Trust funding for helping poor households in Ha Tinh and Quang Binh provinces.
The IFAD and Spanish Government established the fund in 2010 with a EUR300 million aid budget sourced from the Spanish Agency for International Development’s Development Promotion Fund.
The approved funding, combining a range of loans and donations from the IFAD, will be used to support rural finance and help disadvantaged households plan for market economy orientations.
Over the past 15 years, the Spanish Agency for International Development has supported developing Vietnam’s urban areas via projects spanning a diverse range of fields.
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