World Bank lends Vietnam $90m to tackle climate change

Vietnam has been granted $90 million (£68m) by the World Bank to cope with climate change. It is the first in a series of three loans that will support the […]

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By Priyanka Shrestha

Vietnam has been granted $90 million (£68m) by the World Bank to cope with climate change.

It is the first in a series of three loans that will support the nation’s climate change and green growth policy actions.

That includes policies in transportation and industrial production that will improve air quality as well as energy efficiency and renewables.

Achim Fock, Acting Country Director for the World Bank in Vietnam said: “Fostering climate change adaptation and mitigation and enhancing resilience is important to Vietnam and the sustainability of its development. Supporting this agenda in Vietnam is part of our global effort to respond to climate change, a priority at the World Bank.”

Earlier this year, more than 170 nations signed the global climate deal agreed in Paris last year.