PM requests better efficiency of ODA use

The Prime Minister has assigned the Ministry of Planning and Investment to draft strategies and policies on development cooperation with foreign donors in order to improve the efficiency of using official development assistance (ODA) and concessional loans.

Wednesday, December 22, 2021 19:44

PM requests better efficiency of ODA use ảnh 1

Illustrative photo (Source: VNA)

Hanoi (VNA) – The Prime Minister has assignedthe Ministry of Planning and Investment to draft strategies and policies on development cooperation with foreign donorsin order to improve the efficiency of using official development assistance(ODA) and concessional loans.

The ministry is also tasked with being in charge ofclarifying orientations for attracting, managing and using ODA and concessionalloans from foreign donors; and for drafting and submitting for promulgation orpromulgating legal documents on the such management according to itscompetence.

It needs to identify demand for the ODA and loans serving investmentin development, and propose related programmes for using them, among othertasks.

In necessary cases, the ministry can set up an inter-sectorworking delegation to work with managers of foreign-invested projects topromptly tackle obstacles.

The Government’s Decree 114/2021/ND-CP on the usage of theODA and loans from foreign donors took effect on December 16, replacing itsDecree 56/2020/ND-CP issued on May 25 last year.

The new decree stipulated that non-refundable ODA capital isprioritised to implement programmes and projects on socio-economicinfrastructure development; strengthen capacity; support the building ofpolicies, institutions and reforms; natural disaster risk prevention, disasterrelief, and disease prevention; among others./.

VNA

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