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Deputy PM chairs meeting on use of WB, ADB loans

Deputy Prime Minister and Foreign Minister Pham Binh Minh chaired a meeting in Hanoi on May 2 to accelerate the launch of 26 projects using loans from the World Bank and Asian Development Bank.
Deputy PM chairs meeting on use of WB, ADB loans ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Deputy Prime Minister and ForeignMinister Pham Binh Minh chaired a meeting in Hanoi on May 2 to review andaccelerate the launch of 26 projects using loans from the World Bank (WB) andAsian Development Bank (ADB) for 2017-2018.

The projects cover infrastructure upgrading, tertiaryeducation improvement, urban development, new-style rural construction,grassroots medical network, improved use of water in drought-hit provinces.

Speaking at the event, Deputy PM Minh, who is also head ofthe National Steering Committee on ODA and preferential loans, asked the StateBank of Vietnam to collect opinions of ministries, agencies and localities aboutprojects to submit to authorities concerned.

The Ministry of Planning and Investment was required to makea list of approved projects using foreign loans that are absent from themedium-term public investment plan, thus ensuring that the loans are fullytapped.

As Vietnam graduated from the WB International DevelopmentAssociation’s lending in July 2017, the ministry must report a plan on capitaluse in the near future to permanent government members, especially lesspreferential loans.-VNA
VNA

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