The Government will continue issuing instructions for projects using official development assistance (ODA) to ensure their capital disbursement meets the deadline, said a Government official.
Minister-Head of the Government Office Mai Tien Dung (Source: VNA)
Hanoi (VNA) – The Government will continue iss♐uing instructions for projects using official development assistance (ODA) to ensure their capital disbursement meets the deadlin♕e, said Minister-Head of the Government Office Mai Tien Dung.
According to Dung, as of May, 71 percent of the total signed ODA and preferential loans were disbursed.
Currently, ODA and preferential loans that haven’t been disbursed total about 22 billion USD, of which 2.15 billion USD must be spent in 2016.
According to preliminary reports, ministries, sectors and localities need about 39.5 billion USD from ODA and preferential loans for 2016-2020. Most of the sum will be earmarked for transport, urban development, agriculture, rural development, environment, education, training, health care, and science and technology.
The disbursed ODA and preferential loans between now and 2020 is expected to be 25-30 billion USD, up 14 percent over the past five years.-VNA
The HCM City People’s Committee set out to accelerate the disbursement of projects using official development assistance (ODA) loans after a low disbursement rate in the first half this year.
Directions for the attraction, management and use of foreign sponsors’ official development assistance (ODA) and preferential loans from 2016 to 2020 have been issued.
The Prime Minister has asked ministries, agencies, municipal and provincial authorities to submit reports on the disbursement of public investment this year.
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Minister-Head of the Government Office Mai Tien Dung (Source: VNA)
