Health

Financial mechanisms piloted for ODA-used health care projects

The Prime Minister has recently issued a pilot financial mechanism for health care projects using official development assistance (ODA) and preferential loans.
Financial mechanisms piloted for ODA-used health care projects ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Prime Minister has recently issued a pilot financialmechanism for health care projects using official development assistance (ODA) andpreferential loans.

Specifically,projects on infrastructure, social welfares and other fields that are unable torecover capital by the State will be provided with ODA and preferential loans.

Othersin localities will enjoy non-refundable ODA and partial State budget sponsor andcould relend ODA and preferential loans in line with law.

Projectsthat are able to fully or partly reclaim capital, particularly those conductedby public medical stations, will be eligible for non-refundable ODA, andallowed to relend 20 percent of their ODA loans and 50 percent of preferentialloans. 

Projectsrun by non-public medical establishments could relend foreign loans.

Thedecision will take effect on July 20.-VNA
source
#Prime Minister#official development assistance#medical establishments#foreign loans#State budget#preferential loans
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