Friday, February 23, 2007

International Development: South-west China launches $115 million poverty alleviation project

Southwest China's province of Guizhou has launched a $115 million poverty alleviation project which it is claimed will benefit 3.67 million poor farmers.

Xinhua reports the project was funded by loans from Japan Bank for International Cooperation totalling 674 million Yuan (86 million U.S. dollars), while another 224 million Yuan would be funded by provincial and local governments, according to the Guizhou Poverty Alleviation Office.

It is the biggest ever foreign-funded poverty relief project that the province has ever carried out.

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