PM hosts WB Vice President for East Asia and Pacific

PM hosts WB Vice President for East Asia and Pacific

Prime Minister Nguyễn Xuân Phúc hosted a reception in Hà Nội yesterday for Victoria Kwakwa, the World Bank’s Regional Vice President for the East Asia and Pacific.— VNA File Photo  

HÀ NỘI – Prime Minister Nguyễn Xuân Phúc hosted a reception in Hà Nội yesterday for Victoria Kwakwa, the World Bank’s Regional Vice President for the East Asia and Pacific.

The PM expressed his hope that with her deep understanding of the Vietnamese country and people, the World Bank (WB) official will continue to help Việt Nam with infrastructure and renewable energy development as well as the project on land database and educational cooperation.

As one of the countries hardest hit by climate change, Việt Nam wishes to receive WB assistance to implement measures responding to this phenomenon in both the short and long terms, he said.

The Government leader also suggested the bank maintain its ODA provision to help the country address difficulties during the economic development process.

Kwakwa hailed PM Phúc’s drastic moves to develop the private sector as a good start to help enterprises overcome difficulties and grow stably.

She compared notes with the host on measures to counter the drought in the central and Central Highlands region and saline intrusion in the Mekong Delta.

The WB is willing to help Việt Nam access preferential loans to develop renewable energy in order to reduce the negative impacts of climate change, which is part of the country’s co妹妹itments at the  二 一st Conference of the Parties (COP 二 一) to the UN Framework Convention on Climate Change, the WB official stated.

Việt Nam is one of five nations to receive priority to carry out the progra妹妹e, she added.

She also affirmed that the WB will continue helping Việt Nam in restructuring debts, and addressing pressures and burdens on the State budget. — VNS