Financial mechanisms piloted for ODA-used health care projects

Illustrative image (Source: VNA)

Hanoi (VNA) – The Prime Minister has recently issued a pilot financial mechanism for health care projects using official development assistance (ODA) and preferential loans.

Specifically, projects on infrastructure, social welfares and other fields that are unable to recover capital by the State will be provided with ODA and preferential loans.

Others in localities will enjoy non-refundable ODA and partial State budget sponsor and could relend ODA and preferential loans in line with law.

Projects that are able to fully or partly reclaim capital, particularly those conducted by public medical stations, will be eligible for non-refundable ODA, and allowed to relend 20 percent of their ODA loans and 50 percent of preferential loans. 

Projects run by non-public medical establishments could relend foreign loans.

The decision will take effect on July 20.-VNA

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