World Bank CEO Kristalina Georgieva (Photo: VNA)

HCM City (VNA) – The southern metropolis of Ho Chi Minh City and the World Bank have agreed to shake hands to improve the quality of life for the city dwellers.

The agreement was reached by Chairman of the municipal People’s Committee Nguyen Thanh Phong and Chief Executive Officer of the World Bank Kristalina Georgieva during their meeting in the city on March 24 morning.

Phong thanked the bank for supporting the city to carry out projects to address such major issues as environment pollution, climate change adaptation, and local living standard improvement.

The city’s authorities pledged to make effective use of the WB loans and closely work with the bank to implement the aforesaid projects for the sake of the people, he said.

He expressed his belief that the WB in Vietnam will continue its active role in developing the bilateral sound relations.

The Chairman pledged to direct competent agencies to ensure the progress of projects, including the second phrase of the environmental sanitation project, and the flood risk management project.

He proposed the WB provide financial assistance for the city to implement environmental and urban projects, including the construction of the metro line No.6 and the canal reclamation in District 8.

Kristalina Georgieva said she wants to push ahead with cooperation with HCM City to address difficulties in urban development, particularly climate change adaptation and transport infrastructure improvement.

She took note of the city’s proposals and affirmed the WB’s capacity and readiness to support HCM City to realize significant projects to increase its competitive edge and position, thus bringing a better life for local residents.

The two sides will seek new and more effective cooperation methods for technical assistance, development project supervision, and the improvement of human resources for project and urban governance, she added.-VNA