Deputy Minister of Finance Tran Xuan Ha, who led a Vietnamese delegation to attend the 40th session of the IFAD Governing Council in Rome, Italy, on February 14-15, made the remark in an interview.
He said Vietnam also called for IFAD assistance in enhancing the role of women in ensuring nutrition for children, and enabling poor households to access social services such as education and health care.
Deputy Minister of Finance Tran Xuan Ha (L) interviewed on the sidelines of the event. Photo: Vietnam+
The official noted that the IFAD is helping Vietnam carry out 17 projects worth about USD 500 million in 11 provinces, focusing on disadvantaged mountainous areas.
The IFAD has also upgraded its office in Vietnam to serve the country’s demands and other nations in the region as well, he added.
He detailed some information about this year’s session, which aims to discuss plans to develop cooperation among the involved parties.
Participants proposed diversifying IFAD activities for agricultural and rural development, and strengthening the agency’s financial capacity, he said.
Former Prime Minister of Togo Gilbert Fossoun Houngbo was elected the new President for the IFAD, and will take the office on April 1, 2017. He takes over the post from Nigerian Kanayo F. Nwanze.
IFAD, an agency of the United Nations, is headquartered in Rome. The establishment of IFAD was initiated in 1974 and the fund officially opened on November 30, 1977.
Since 1978, IFAD has provided around USD 18.4 billion in aid and soft loans for projects in developing countries, helping up to 464 million people escape poverty.
Vietnam became an IFAD member in 1997.
Source: VNA