Vietnam Gains $200 Million in World Bank Funding for Clean Water

Vietnam secured $200 million in financing to help fund the government’s rural clean water and sanitation program in eight provinces in the Red River delta, the World Bank said.

The International Development Association credit approved by the World Bank’s board of executive directors in Washington, D.C., will aid in plans to provide safer potable water for 1.7 million people and improved sanitation for 650,000 residents in the provinces over the 2013-2017 period, it said.

The funds will be disbursed via a new type of financing called Program for Results that links the aid to demonstrable results, the bank said. It will be the first in the rural water and improved sewage sector, it said. 

Source: Bloomberg