WB Country Director in Vietnam Ousmane Dione speaks at the workshop in Dong Thap province on September 22 (Photo: VNA)Dong Thap(VNA) – Inclusive growth is one of the main focuses of the new CountryPartnership Framework between Vietnam and the World Bank Group (WBG) for 2017-2022which was announced at a workshop in the Mekong Delta province of Dong Thap onSeptember 22.
Other priorities are privatesector participation, investment in people and knowledge, environmentalsustainability and resilience, and good governance.
The Country PartnershipFramework (CPF) introduces a number of strategic shifts, including comprehensiveengagement to strengthen private sector development and participation acrosssectors; support to achieve the financial sustainability of public services andtransfers; support of poverty reduction among ethnic minorities throughactivities that generate jobs and incomes; multi-sector engagement tostrengthen linkages between education and the labor market; and promotion andstimulation of low carbon energy generation.
Through the CPF, the WBG will assist Vietnam in carrying out itsfive-year Socio-Economic Development Plan for 2016-2020 and its goals ofbalancing economic prosperity with environmental sustainability, promotingequity, and strengthening the capacity and accountability of state agencies.
[WB launches country partnership framework for Vietnam]
Addressing the event, WB Country Director in Vietnam Ousmane Dionepledged that the WBG will mobilise all its institutions – the WB, theInternational Finance Corporation (IFC) and the Multilateral Investment GuaranteeAgency (MIGA), as wellas available instruments in order to create strategic changes like lending, policy dialogue, analytical andadvisory work or guarantees.
Representatives from Mekong Delta cities and provinces highlyvalued strategic orientations set in the new framework, saying they suitpressing requirements of their localities in the current context.
They expressed their hope for support in job generation for rurallabourers in response to adverse impacts of technological applications in agriculture,along with assistance in capital disbursement mechanisms and procedures, andcapital access in order to carry out infrastructure, transport and waterprojects.-VNA
VNA
