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Donors supplying nearly US$2.7 billion to fight poverty (11/7)
11/07/2011 - 6 Lượt xem
Half of the sum came from the World Bank and the rest from development partners including the European Union, the Asian Development Bank, Japan, Australia, Canada, Denmark, and the UK.
The PRSC was introduced in 2001 and led by the World Bank to promote growth and reduce poverty. An independent report released in Hanoi on Wednesday showed contributions under PRSCs are equivalent to 2% of the Government’s public spending, and 6% of development investment spending annually.
Yiannis Hadziyiannakis, main author of the report funded by the European Commission told a press conference in Hanoi on Wednesday that although Vietnam had the Law on State Budget, its spending has yet to be transparent.
The report praised Vietnam’s PRSC as one of the most successful general budget support programs in the world to date.
EU Ambassador Sean Doyle said that Vietnam’s poverty reduction program was among the best of its kind in the world. The poverty rate had slumped from 58% in 1990 to around 10% last year.
However, the country’s prominent economist Le Dang Doanh, a co-author of the report, warned that the period for Vietnam to deal with poverty issues easily and successfully was over, while the country was facing with high inflation.
“High inflation has put back many into poverty. Poor people and their children are still living in remote areas with less public services of health and education. Vietnam should not be complacent much for the success in poverty reduction,” he said.
The World Bank and other donors are now discussing the post-PRSC operations with the Government.
The EU has recently announced that it was mulling to grant US$150 million to Vietnam for the next two years for the country to stabilize macro economy and publicize the government’s spending.
