Vietnam Considers Loans for Public Investment Reform

Prime Minister Nguyen Tan Dung has sent the Official Dispatch No. 1518/TTg-QHQT to the State President, requesting the consideration and approval of the Financing Agreement, Borrowing Agreement and other legal documents related to the second Public Investment Reform Programme (PIR2) Development Policy Loan, financed by the World Bank (WB).

 

Previously, under the authority of the Prime Minister, the State Bank of Vietnam (SBV) and the WB inked Financing Agreement, Borrowing Agreement and other legal documents related to PIR2 Development Policy Loan.

The WB pledged a concessional credit worth of US$262.7 million from the International Development Association (IDA) according to the Financing Agreement; and a loan of US$87.3 million according to the Borrowing Agreement to support the Government of Vietnam to reform public investment.