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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