WB loans $190 million to enhance locality development fund
Published: 12/08/2009 05:00
| The World Bank (WB) will offer a credit of US$190 million for Vietnam toward helping improve the operations of the Locality Development Fund. |
| Under an agreement signed in Hanoi Wednesday between the WB and the State Bank of Vietnam, the money will be used to improve the effectiveness of the fund in attracting sponsorship from the private sector in developing urban infrastructure; enhance their financial and technical capacities; and their social and environmental management. SBV Governor Nguyen Van Giau said the fundâs effectiveness is crucial for economic recovery of each locality in particular and the country in general. The bank has to date pledged preferential loans worth $9.83 billion to develop 91 projects and programs nationwide. Reported by Ngan Anh |
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WB loans $190 million to enhance locality development fund - Politics - News | vietnam travel company
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