AFD supports Vietnam in climate change adaptation strategy
The French Agency for Development (AFD) on September 30 signed a credit agreement in Hanoi providing EUR20 million in preferential loans in support of a continuing programme to develop a long-term governmental climate change adaptation strategy for Vietnam.
The fourth preferential loan of the Support Programme to Respond to Climate Change (SP-RCC) has lifted AFD’s total pledged capital for Vietnam to EUR 80 million.
Speaking at the signing ceremony, French Ambassador to Vietnam Jean-Noel Poirier affirmed the French government places a high priority on co-operation with Vietnam and other Southeast Asian nations to effectively cope with climate change.
Ambassador Poirier said since the programme first began in 2009, the programme has proven highly effective, adding that his nation will continue assisting Vietnam in climate change adaptation in the time ahead.