France funds public investment reform in Vietnam
The France Development Agency (AFD)
will provide a 100 million EUR loan to back Vietnam ’s public
investment reform programme.
The France Development Agency (AFD)
will provide a 100 million EUR loan to back Vietnam's public
investment reform programme.
An agreement to this effect was signed in Hanoi on March 29 by Vietnamese Deputy Minister of Finance Tran Xuan Ha, French Ambassador to Vietnam Jean-Francois Girault and Director of AFD’s Hanoi Agency Alain Henry.
With this credit, AFD has become the co-sponsor, together with the World Bank (WB), of Vietnam ’s public investment reform programme in its first phase. In late 2009, the WB extended its biggest-ever loan to Vietnam, worth 500 million USD to carry out the project.
The programme aims to create a legal framework to improve the efficiency of public investment management, project implementation, transparency, and the supervision and evaluation of projects as well as support public-private partnerships.
The WB and the AFD also plan to jointly finance the second phase of the project which will be launched in 2011.
According to the Finance Ministry, the newly-signed credit brought the total amount of official development assistance committed by the AFD to Vietnam since 1994 to nearly 1.1 billion EUR./.
An agreement to this effect was signed in Hanoi on March 29 by Vietnamese Deputy Minister of Finance Tran Xuan Ha, French Ambassador to Vietnam Jean-Francois Girault and Director of AFD’s Hanoi Agency Alain Henry.
With this credit, AFD has become the co-sponsor, together with the World Bank (WB), of Vietnam ’s public investment reform programme in its first phase. In late 2009, the WB extended its biggest-ever loan to Vietnam, worth 500 million USD to carry out the project.
The programme aims to create a legal framework to improve the efficiency of public investment management, project implementation, transparency, and the supervision and evaluation of projects as well as support public-private partnerships.
The WB and the AFD also plan to jointly finance the second phase of the project which will be launched in 2011.
According to the Finance Ministry, the newly-signed credit brought the total amount of official development assistance committed by the AFD to Vietnam since 1994 to nearly 1.1 billion EUR./.
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