Deputy PM chairs meeting on use of WB, ADB loans

TIN LIÊN QUAN
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The projects cover upgrading infrastructure, improving tertiary education, urban development, new-style rural construction, grassroots medical networks, improving the use of water in drought-hit provinces.

Deputy PM and FM Pham Binh Minh chairs the meeting. (Photo: VGP News)

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

The Ministry of Planning and Investment was required to make a list of approved projects using foreign loans that are absent from the medium-term public investment plan, thus ensuring that the loans are fully tapped.

As Vietnam graduated from the WB International Development Association’s lending in July 2017, the ministry must report a plan on capital use, especially less preferential loans, to the permanent government members in the near future.

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