A $200M loan for access to water in rural Vietnam

Construction workers at a project site in Vietnam. The country has secured $200 million from the World Bank for a water and sanitation project. Photo by: Mai Ky / World Bank / CC BY-NC-ND

Vietnam has secured $200 million from the World Bank for a project that is expected to boost 1.7 million people’s access to water and sanitation services.

The loan was approved Nov. 1 and will be drawn from the International Development Association, the World Bank’s concessional lending arm. It will be channeled through the bank’s new financing mechanism dubbed Program for Results, which links disbursements directly to results.

The loan will finance activities in eight participating provinces from Jan. 1, 2013, to Dec. 31, 2017. Aside from increasing access to sanitation and water supply services in rural areas of the participating provinces, these activities aim to improve monitoring and evaluation of the program.

Meanwhile, the Asian Development Bank presented Oct. 31 in Vietnam its new country partnership strategy for the country. The strategy was approved in July and covers the period 2012-2015. It focuses on six priority sectors: agriculture and natural resources, education, energy, finance, transport, and water supply and municipal infrastructure.

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    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.