IFAD President Discusses Climate Change in Viet Nam

Bage Lennart Båge, President of the International Fund for Agricultural Development (IFAD), announced that he had signed a US$ 35 million loan in Viet Nam to expand market access and develop businesses for small farmers in Mekong Delta.

During his visit, Båge met with key government officials who presented the IFAD President with an Agricultural Medal for his agency's services to the country.

Discussions with the Government included IFAD's vision for reducing rural poverty and the effects of climate change and possible measures for mitigation and adaptation in Viet Nam. Viet Nam is highly prone to a range of natural disasters and climate change impacts, including floods, typhoons, droughts, mudslides, and salinity intrusion. The average economic loss from natural disasters is estimated to be US$ 200 million a year.