Thursday, December 07, 2006

International Development: World Bank launches rural development fund for China

The World Bank launched a rural community development fund to provide farmers in 12 poverty stricken villages with low-cost loans.

The fund, worth US$1.33 million, was launched as a three-year pilot program in villages in central China's Henan province and south-western Sichuan province

Britain has contributed US$350,800 to the program.