World Bank praises wise use of funds

The Vietnamese Government has effectively used the World Bank's financial support, particularly in education and social security, the bank's managing director Mahmoud Mohieldin said on May 3.

The Vietnamese Government has effectively used the World Bank'sfinancial support, particularly in education and social security, thebank's managing director Mahmoud Mohieldin said on May 3.

He made the comments at a meeting with Deputy Prime Minister Nguyen Thien Nhan in Hanoi .

The World Bank's total financial commitment to Vietnam as of February2012 was nearly 15 billion USD for 111 projects, mostly in the fields oftransport, urban and rural development, energy, water resourcesmanagement, public administration reforms, finance, education,healthcare and environment.

Mohieldin said the WorldBank will continue focusing its financial support on education andagriculture to help Vietnam develop a suitable system of socialsecurity services. Nhan said the World Bank's contributions to thecountry's development are appreciated and that he expects it to continueproviding financial and technical support to help Vietnam attainits goals, particularly in the realm of human resources.

In regards to social security, Nhan asked that the bank focus itsresources on ensuring safety for people in cases of risk, povertyreduction and ensuring equal rights to access training opportunities.

He said he hopes the bank will continue helpingVietnam maintain sustainable growth after becoming a middle-incomecountry (having a minimum gross per capita income of 1,006 USD). He alsoasked for the World Bank's continued support for the nationalanti-tuberculosis programme.-VNA

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