Extending deals on natural calamity management

VGP – The Government chief agreed to extend the validity while revising the contents of the agreement on development credit and ODA for the project on “Natural Calamity Risk Management.”

May 14, 2010 3:02 PM GMT+7

Preventing floods in localities is an important task– Illustration photo

The project’s main goal is to help Việt Nam establish a complete framework for natural calamity risk management which helps to reduce loss of flood-hit localities; effectively implementing post-calamity recovery and reconstruction; and improve capacity of relevant organizations at local and central levels.

The project consists of four components: to prevent and mitigate natural calamities; to conduct the community-based management of risks; to support the post-calamity reconstruction; and to consolidate institution and capacity.

The Government assigned the State Bank of Việt Nam to work with the World Bank to revise and extend the three agreements. Meanwhile, the Ministry of Agriculture and Rural Development must draft out a detail plan to carry out the project.

By Trinh Nguyen