WB to help Vietnam in economy

[vomer]

http://tuoitrenews.vn/politics/13602/world-bank-pledges-to-continue-support-for-vietnam

 

 

 

The World Bank (WB) will continue implementing its commitments to support Vietnam in accessing IDA capital in the 2014-2017 period and provide Vietnam with financial and technical assistance as well as policy consultation, said WB President Jim Yong Kim.

The WB leader made the statement during his meeting in Washington on September 26 with Vietnamese Prime Minister Nguyen Tan Dung, who is in the US to attend the High-level Meetings of the 68th Session of the United Nations General Assembly.

The WB President expressed his delight at the cooperation between WB and Vietnam in the recent time, affirming that the bank will continue to support Vietnam ’s development process.

He recommended that Vietnam continue with efforts to stabilize macro economy, put inflation under control and strongly restructure the banking system, while accelerate the disbursement of WB’s loans.

For his part, PM Dung thanked the WB executive committee for the decision to include Vietnam in the list of countries that will continue to receive preferential loans in the next three years.

The PM also said the World Bank plays an increasingly important role in Vietnam’s socio-economic development, especially in poverty reduction, adding that Vietnam is determined to restructure its economy and facilitate the private sector’s involvement in investment projects.

He praised WB’s efforts in mobilizing capital for the International Development Association (IDA), and asked the WB to continue providing IDA loans for countries just rising above poverty, including Vietnam, to help them achieve sustainable development.

The Vietnamese Government remains steadfast in its targets of strengthening macroeconomic stability, curbing inflation and pushing for three strategic breakthroughs, which are market institution completion, workforce training and comprehensive infrastructure development, the PM said.

He asked the community of donors and the WB Group to continue providing Vietnam with financial assistance and policy consultancy in order to help the country achieve the mentioned breakthroughs.

PM Dung also stressed that the Vietnamese government is taking a range of measures to accelerate the implementation and capital disbursement of programs and projects funded by the WB.

In an interview with the Vietnam News Agency’s correspondent in the US, the WB managing director, Sri Mulyani Indrawati, affirmed the WB stands ready to continue provide financial support to Vietnam as well as help the country enhance its institutional capacity.

The WB has provided Vietnam with US$8 billion through IDA and the International Bank for Reconstruction and Development (IBRD), she said, adding that the support will continue in the future.

[PrettyKitty]

what does this mean> ?

[SnowGlobe7]

it means...have another glass of wine

[Dinar Buddy]

Is there a float coming on the DONG because of the WB support?

So we might need another 5 years for the wine...

[SnowGlobe7]

sorry DB...not waiting....want me to pour you one?