The World Bank has approved a 150-million U.S. dollar loan to southeastern Chinese province of Jiangxi to improve its farm produce distribution system, the bank said in a statement. The loan will benefit over 200,000 farmers through more efficient farm-to-market supply chains, according to the statement…Full Article: ECNS.cn Dec 2017

Key Point

  • From 2018 to 2023, the USD 198.2 million World Bank project will be implemented in eight counties within Jiangxi Province. The World Bank will finance USD 150 million, while USD 48.2 million will be financed by the eight counties and the provincial government. In general, the project will focus on improving farmers’ access to local credit (via commercial banks) and boosting supply chain productivity.

ChinaAg Comment

  • In August 2017, the World Bank in China announced it would lend USD 100 million to ameliorate heavy metal pollution in Hunan Province, central China. The World Bank program will encompass 8,000 hectares of farmland (primarily rice crops).

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