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WB adopts Country Partnership Strategy framework with Vietnam

The Board of Executive Directors of the World Bank (WB) on May 31 approved a new Country Partnership Strategy framework with Vietnam, which will help the country realise socio-economic development goals in 2016-2021.
WB adopts Country Partnership Strategy framework with Vietnam ảnh 1Illustrative image (Source: Internet)
Hanoi (VNA) - The Board of Executive Directors of theWorld Bank (WB) on May 31 approved a new Country Partnership Strategy framework withVietnam, which will help the country realise socio-economic development goals in2016-2021.

The framework will also help Vietnam balance economic development andenvironmental sustainability, promote equality and improve State agencies’ abilityand accountability.

The framework aims to tap the WB’s existing support in Vietnam, connect thecountry with other development partners and mobilise other resources fordevelopment.

Four proritised groups in the framework are inclusive development andinvolvement of the private economy, investment in human development and knowledge,sustainable environment and response capacity, and good management.

The WB’s Board of Executive Directors approved a loan worth 358 million USDfor Vietnam to implement two new projects.

The first 240-million- USD project will be implemented in several Mekong Deltalocalities, focusing on improving infrastructure and urban planning.

Meanwhile, the second one, with investment of 118-million-USD, will help restoreand upgrade infrastructure in the central provinces of Binh Dinh, Phu Yen,Quang Ngai, Ninh Thuan and Ha Tinh – which were affectedby flooding in 2016.-VNA
VNA
#World Bank #Board of Executive Directors #Country Partnership Strategy framework with Vietnam #socio-economic development goals #environmental sustainability #infrastructure development #Vietnamese #Vietnamnews #Vietnamplus
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