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World Bank launches rural community development fund in China.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China news agency)
Beijing, 4 December: The World Bank launched on Monday [4 Decembed] a rural community development fund that will provide farmers in 12 poverty-stricken villages with low-cost loans.
The fund, worth 1.33m US dollars, was launched as a three-year pilot programme in poor villages in central China's Henan province and southwestern Sichuan province, said Zhang Chunlin, a project manager with the World Bank.
The British government contributed 350,800 US dollars to the programme, he said.
Impoverished …
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