State leader welcomes WB Managing Director of Operations

President Nguyen Xuan Phuc (R) and WB Managing Director of Operations Axel van Trotsenburg at the meeting in Hanoi on July 19. (Photo: VNA)

Hanoi (VNA) –President Nguyen Xuan Phuc received World Bank (WB) Managing Director ofOperations Axel van Trotsenburg in Hanoi on July 19.

He thanked the WB for itssignificant assistance for Vietnam in poverty reduction, socio-economic infrastructuredevelopment and many important national programmes.

Appreciating the WB’s helpwith the building of the Vietnam 2035 report, launched in 2016, the host leaderasked the bank to continue helping the country make the Vietnam 2045 report withlong-term development vision, especially amid the changing international andregional situation, the COVID-19 pandemic’s impacts and Vietnam’s developmentgoals by 2030 and 2045.

He highlighted Vietnam’stargeted breakthroughs in the development of infrastructure, human resourcesand institutions, calling on the WB to assist the country in the three aspects,particularly developing infrastructure, including important infrastructurefacilities that can help Vietnam develop strongly in the time ahead.

As Vietnam is one of thecountries highly vulnerable to climate change, President Phuc asked the bank tohelp it respond to the challenges threatening livelihoods of millions ofVietnamese people.

The State leader alsoexpressed his hope that the WB will provide technical and financial support forthe formation of a carbon-free economy and post-pandemic economic recovery.

Vietnam pledges to workclosely with the WB to implement cooperation programmes in the time ahead,including in disbursing official development assistance (ODA) capital, he said,suggesting the bank create a more favourable mechanism to facilitate thisprocess.

President Nguyen Xuan Phuc, WB Managing Director of Operations Axel van Trotsenburg and other officials pose for a photo at the meeting. (Photo: VNA)

For his part, Trotsenburgnoted with satisfaction the close and successful bilateral partnership, saying the WB hopes to maintain an important role in helping with Vietnam’sdevelopment.

He said the WB pays attentionto assisting countries in long-term development. It is ready to cooperate inbuilding the Vietnam 2045 report and will do its utmost to seek necessaryresources for this study.

Replying to his host’s callfor help to achieve the targeted breakthroughs, the WB official underlined thebank’s readiness to work with Vietnam in these regards.

The WB is also making reportson climate change impacts on 25 countries, including Vietnam. The report forVietnam, which has been completed, gives several recommendations about climate changeresponse as well as short- and long-term solutions to this phenomenon.

The bank is ready to workwith Vietnam to carry out the initiatives and solutions suggested in this report, headded./.

VNA