World Bank, IMF promise more support for Việt Nam
World Bank, IMF promise more support for Việt Nam
Deputy Prime Minister Vuong Dinh Hue met Kristalina Georgieva, CEO of the World Bank, and Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund, during his visit to the United States from June 25-27.
Hue spoke highly of the meetings that the Prime Minister Nguyen Xuan Phuc had with World Bank (WB) CEO Kristalina Georgieva and International Monetary Fund (IMF) Managing Director Christine Lagarde during the latest 44th G7 Summit in Canada.
The WB and IMF were among Viet Nam’s top partners, Hue said, adding that the WB and IMF had made great efforts to encourage Viet Nam’s socio-economic development, especially in poverty reduction and responses to climate change.
Speaking at the meetings, Hue asked the WB to continue supporting the country’s sustainable development by improving its role in the Mekong Sub-Region and becoming a major partner of the Cambodia-Laos-Viet Nam Triangle Development Area.
He also welcomed WB proposal to increase investment in human resource training in the context of the fourth industrial revolution. Hue also invited WB Chairman Jim Yong Kim on behalf of PM Phuc to the World Economic Forum ASEAN 2018 that will take place in mid-September.
In response to Hue, WB CEO Kristalina said her organisation respected its relationship with Viet Nam and highly appreciated Viet Nam’s development progress in the past few years, especially with the country paying more attention to sustainable development besides its economic growth.
The WB recommended that Viet Nam provide more funding for sustainable development activities such as human resource training, healthcare, climate change response and water management, while the WB would consider suitable assistance for Viet Nam and its agencies while working with its Vietnamese partners on the plans, she said.
Hue also thanked the IMF and deputy managing director Mitsuhiro for the organisation’s support for the Vietnamese Government during the country’s efforts to reform the economy and business environment and improve social conditions.
Viet Nam hoped it would receive strong assistance from IMF on policy making strategies, he said.
Mitsuhiro in return urged the Vietnamese Government to hasten its efforts to reform and modernise fiscal policy and strengthen fiscal conditions, while confirming the IMF would provide more technical assistance and policy consultancy for Viet Nam so the country could achieve its sustainable development goals.
