Vietnam calls for more aid from World Bank

(VOV) -The Ministry of Finance (MoF) has asked the World Bank (WB) to assist to Vietnam in macroeconomic management, policy development, business reform, and public debt management.

At the August 6 meeting, MoF leaders proposed a host of effective and practical measures to enhance cooperation with the WB in the future.

They asked the bank to maintain official development assistance (ODA) loans for Vietnam to promote poverty reduction, ensure social welfare and upgrade infrastructure.

They wished to get more financial support from the WB to complete the framework for the implementation of business restructuring projects.

Participants in the meeting focused on issues related to the shift of International Development Association (IDA) loans and WB funding for the Poorest to the International Bank for Reconstruction and Development (IBRD) loans, which aims to reduce poverty and promote sustainable growth in middle-income countries and creditworthy poorer countries.