4:17 PM, 22/10/2012

ADB-funded project ratified

VGP – The PM has approved the financial solutions for natural disasters in response to climate change under a technical supportive project sponsored by the Asian Development Bank (ADB).

The total capital for the project is US$1.1 million, including US$1 million from the ADB. The remaining US$100,000 will be arranged from the Ministry of Construction’s budget.

The project aims to develop the national system on disaster risk management and abilities of recovering production after disasters and minimizing losses.

The results of the project will provide scientific foundations and financial tools for realizing projects in response to climate change. 

By Thuy Dung

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