WB adopts Country Partnership Strategy framework with Vietnam
The Board of Executive Directors of the World Bank (WB) on May 31 approved a new Country Partnership Strategy framework with Vietnam, which will help the country realise socio-economic development goals in 2016-2021.
Hanoi (VNA) - The Board of Executive Directors of theWorld Bank (WB) on May 31 approved a new Country Partnership Strategy framework withVietnam, which will help the country realise socio-economic development goals in2016-2021.
The framework will also help Vietnam balance economic development andenvironmental sustainability, promote equality and improve State agencies’ abilityand accountability.
The framework aims to tap the WB’s existing support in Vietnam, connect thecountry with other development partners and mobilise other resources fordevelopment.
Four proritised groups in the framework are inclusive development andinvolvement of the private economy, investment in human development and knowledge,sustainable environment and response capacity, and good management.
The WB’s Board of Executive Directors approved a loan worth 358 million USDfor Vietnam to implement two new projects.
The first 240-million- USD project will be implemented in several Mekong Deltalocalities, focusing on improving infrastructure and urban planning.
Meanwhile, the second one, with investment of 118-million-USD, will help restoreand upgrade infrastructure in the central provinces of Binh Dinh, Phu Yen,Quang Ngai, Ninh Thuan and Ha Tinh – which were affectedby flooding in 2016.-VNA
President Tran Dai Quang asked World Bank to work closely with the Vietnamese government in establishing the Vietnam – WB Country Partnership Strategy (CPS) framework.
World Bank (WB) Country Director in Vietnam Ousmane Dione has pledged to assist Vietnam in fields of request and stand ready to offer policy consultations to the Vietnamese government.
The Ministry of Planning and Investment and the World Bank (WB) on January 9 organised a consultation on the national cooperation strategy for the 2017-2021 period in the Mekong Delta city of Can Tho.
A delegation of World Bank experts had a working session with Binh Dinh authorities on February 14 seeking to address consequences of natural disasters in central provinces.
The World Bank (WB) will sponsor 500,000 USD for Can Tho city to carry out the “Green-clean-beauty programme”, part of a project upgrading the Mekong Delta urban region.
A World Bank-funded project has improved capacity of agricultural cooperatives in the Mekong Delta province of Kien Giang and helped change the farming practices of local farmers.
The World Bank’s Board of Executive Directors has approved 315 million USD in financing to improve water transport infrastructure and sanitation and transport services in Vietnam.
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Illustrative image (Source: Internet) 
