Deputy PM chairs meeting on ODA, preferential loans use
Friday, April 28,2017AsemconnectVietnam - World Bank (WB) preferential loans during the 2017 fiscal year will be used for sustainable development, infrastructure, improvement of tertiary education, and disaster recovery in the central region, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.
However, disbursement speed has been inconsistent, with delay seen in some projects, making it difficult for those projects to complete their goals if the disbursement deadlines are not extended.
Speaking at the meeting, Minh said the government will utilise preferential loans by transferring them from slowly-disbursed projects to fast-progressing ones.
He asked agencies to work with the State Bank to complete preparations for projects for submission to authorities for approval, ensuring that negotiations with the WB are on schedule.
Source: vov.vn
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