Vietnam Daily News

2012 To be Vietnam ODA Disbursement Year

Written by Dailynews.vn Wednesday, 14 December 2011 15:44

Vietnam's government working group of official development assistance (ODA working group) and development partners have chosen 2012 as the year of ODA disbursement, according to the local newspaper Bao Dau Tu (Investment).

ODA disbursement in 2012 will be more positive than $3.65 billion in 2011, Bui Quang Vinh, minister of Planning and Investment (MPI) said.

ODA working group's 2012 task is to coordinate with 6 development bank groups to remove difficulties, obstacles and push up disbursement.

Just before the 2011 Consultative Group (CG) meeting, the government had requested the Ministry of Finance (MOF) to coordinate with the Ministry of Planning and Investment and relevant agencies to propose the domestic financial mechanism to support ODA projects and speed up disbursement.

If Vietnam can prove the effective use, right purpose, and timely disbursement of ODA, the international donors will believe and continue support. If not, no one will support, minister Vinh added.

Source: www.intellasia.net/news/articles/finance/111350689.shtml