(VOVworld) –Deputy Prime Minister and Foreign Minister Pham Binh Minh said that World Bank (WB) preferential loans during the 2017 fiscal year will be used for sustainable development, infrastructure, improvement of tertiary education, and disaster recovery in the central region.

Deputy PM chairs meeting on ODA use

Chairing a meeting in Hanoi on Wednesday to review projects funded by ODA and preferential loans, Minh, who is also Head of the National Steering Committee for Official Development Assistance (ODA) and Preferential Loans, highlighted the importance of World Bank preferential loans. He said the government will make full use of preferential loans by transferring them from slowly-disbursed projects to fast-progressing ones. He asked agencies to work with the State Bank to complete preparations for projects to be submitted to authorities for approval, ensuring that negotiations with the WB are on schedule.