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EU, French agency support Vietnam’s resilience to climate change, COVID-19

The European Union (EU) and the French Development Agency (AFD) have reached an agreement to strengthen their joint cooperation for increasing Vietnam’s resilience to climate change and natural hazards, and trying to ease the impact of COVID-19 in the Southeast Asian country.
EU, French agency support Vietnam’s resilience to climate change, COVID-19 ảnh 1A mangrove forest in the southernmost province of Ca Mau (Photo: AFD)


Hanoi (VNA) – The European Union (EU) and the FrenchDevelopment Agency (AFD) have reached an agreement to strengthen their jointcooperation for increasing Vietnam’s resilience to climate change and natural hazards,and trying to ease the impact of COVID-19 in the Southeast Asian nation.

The deal was signed by Ambassador of the EU to VietnamGiorgio Aliberti and AFD Director in the country Fabrice Richy on May 11.  

Under the agreement, the EU provides a grant of 20 million EUR(nearly 21.6 million USD) to the AFD.

In coordination with the Vietnamese Government and local administrations,the AFD will mobilise the Water and Natural Resources Management (WARM) Facilityto prepare and implement investment projects co-financed with the AFD loans andVietnam’s own resources over the period 2021-2029 for an estimated total amountof 200 million EUR.

“Adaptation to climate change is crucial for thesustainability of Vietnam’s development, and water and natural resources are akey element of it,” EU Ambassador Aliberti said.

The intention of the new grant is to support Vietnam on apathway towards a greener and resilient future, he added.

Vietnam is one of the countries most severely affected byclimate change and natural disasters.

Rising temperatures and sea levels, and the increasedfrequency and intensity of extreme weather events combined with populationgrowth and urbanisation are increasing the risk of coastal erosion, urbanflooding and drought./. 

VNA
# European Union (EU) #French Development Agency (AFD) #climate change #natural hazards #COVID-19 #Vietnamese Government #vietnamplus #Vietnam News Agency France European Union
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