Monday, July 25, 2016

The funds will focus on competitiveness, climate change and water management.

Vietnam, World Bank sign loan agreements totaling $371 million

Vietnam has secured funding of more than $371 million from the World Bank for two programs and a project to support the country’s sustainable economic development.
Le Minh Hung, governor of the State Bank of Vietnam, and Victoria Kwakwa, the World Bank's vice president for East Asia Pacific region, signed the agreements in Hanoi on Monday.
Of the total, $150 million is allocated to the Third Economic Management and Competitiveness program. The loan provides flexible budget support to the government while reinforcing selected structural reform priorities in the government’s socio-economic development plan. 
Meanwhile, $90 million will be earmarked for supporting climate change and green growth policy actions under the Vietnamese government’s Support Program to Respond to Climate Change, led by the Ministry of Environment and Natural Resources. 
The third is the additional funding of $119 million for the ongoing Urban Water Supply and Wastewater Project in Vietnam. Approved by the World Bank in 2011, the project includes 14 subprojects across 10 provinces. 

Vietnam, World Bank sign loan agreements totaling $371 million

  • Uploaded by: Unknown
  • Views:
  • Category:
  • Share


    Post a Comment

    English Sub



    Copyright © CTV Viet | CTV Viet | 8330 LBJ Freeway, Suite B130 Dallas, TX 75243 United States