Gov’t vows broader access to ODA for private sector (08/6)
08/06/2011 - 15 Lượt xem
This, along with other commitments, came at a point when Vietnam lags behind other ODA recipients in funding disbursement and in a context where Vietnam has joined the group of middle income earners with tougher conditions for aid eligibility.
MPI Deputy Minister Cao Viet Sinh blamed the problem on common delays in construction, slow processing of projects and limited capacity of managerial staff and project executives.
“Necessary efforts should be made to harmonise procedures and the interests of both donors and local executives, in order to remove hurdles for every project and speed up the tempo of disbursement,” he emphasised.
That is why infrastructure and legal upgrades, as well as human resources development, are top priorities in the government’s draft for ODA attraction in the next five years up to 2015.
Other fields such as poverty alleviation, social welfare and climate change adaptation also take high places in the list of disbursement priorities.
The Vietnamese government will do its best to meet donor requirements, as ODA still plays a very important role in the nation’s socio-economic development, which in the next five years is in need of between $290 and $300 billion, reported the MPI.
In the first five months of the year, Vietnam had made a breakthrough in ODA disbursement, cashing out $1.3 billion or 52.5 per cent of the yearly target.
The signing of credit agreements with donors has also showed positive results with commitments estimated at $1.66 billion, of which over $1.63 billion is in loans and over $27.4 million in grants.
Source: VIR.
