Politics

WB Vice President welcomed in Hanoi

Deputy Prime Minister Hoang Trung Hai welcomed visiting Vice President of the World Bank (WB) Joachim von Amsberg in Hanoi on June 2.
Deputy Prime Minister Hoang Trung Hai welcomed visiting Vice Presidentof the World Bank (WB) Joachim von Amsberg in Hanoi on June 2.

Hai thanked the WB for its assistance for Vietnam over the past time,saying that it is significant to Vietnam as the bank not only providesloans, but also helps Vietnam in institutional reform and sectoralrestructuring.

He took the occasion to ask theWB to give Vietnam a transitional period after the up-coming end of thebank’s International Development Association-17 (IDA-17) programme forpoor and under-developed countries.

HailingVietnam’s development achievements, Amsberg said that the WB is studyingnew initiatives to support the nation’s development in the time tocome.

The WB considers Vietnam a typical examplein using its loans efficiently, which makes it easier for the bank topersuade donors to contribute more for its development assistanceprogrammes.

Preferential conditions of loans inthe post-IDA-17 period are expected to be lower, but forthcomingnegotiations between the WB and Vietnam will be conducted in the spiritof boosting Vietnam’s development, he stated.-VNA
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