2.2 billion USD committed for Mekong Delta’s sustainable development

Thursday, 23/06/2022 16:55
A group of six international financial institutions (WB, ADB, AFD, KfW, JICA, KEXIM) have committed to financing 2.2 billion USD in official development assistance (ODA) and preferential loans for 20 sustainable development projects in the Mekong Delta on adaption to climate change during the 2021-2025 period.

 Representatives of the six international financial institutions committed to finance the implementation of a number of infrastructure development programs and projects to realize the Master Plan. (Photo: VGP)

Within the framework of the conference on promulgation of the Mekong Delta regional master plan and investment promotion for 2021-2030 held in the Mekong Delta city of Can Tho on June 21, the Prime Minister Pham Minh Chinh and Deputy Prime Minister Le Van Thanh attended the ceremony of handing over planning documents to leaders of 13 provinces and cities in the Mekong Delta.

The Ministry of Planning and Investment has presided over and coordinated with the Ministry of Agriculture and Rural Development, the Ministry of Transport, 13 provinces and cities in the Mekong Delta region and the six international financial institutions to agree on a list of sustainable development projects in the region.

The Mekong Delta regional master plan for 2021-2030, with vision towards 2050, demonstrates the whole-of-government approach and a strong commitment to promoting sustainable development and enhancing the climate resilience of the Mekong Delta, said World Bank Country Director Carolyn Turk.

According to Minister of Planning and Investment Nguyen Chi Dung, the 2.2 billion USD grant acts as “bait” capital source to attract investment capital from the private sector and foreign investors.

As expected, the list of sustainable development projects in the Mekong Delta in adaption to climate change in 2021-2025 will use ODA capital and preferential loans from foreign donors.

The move has concretized the first step of the procedure, demonstrating the Government’s determination in increasing investment, creating a breakthrough in infrastructure in the region, as well as showing the commitment of sponsors./.

BTA

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