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UNDP supports Vietnam’s financial policies
A UNDP regional official has reiterated UNDP’s strong support for policies being put into place to strengthen the Vietnamese government’s capacity to make informed decisions amid the unfolding global financial crisis.
“More than ever, public finance and fiscal decision making processes have become more pressing, requiring careful policy analysis to develop the appropriate policies,” the United Nation Development Programme (UNDP)’s Deputy Regional Director for Asia and the Pacific Ligia Elizondo said during her meeting with Vice Minister of Finance Tran Xuan Ha.
“At UNDP, we regard the Ministry of Finance as a strategic partner in fulfilling human development objectives,” added Elizondo, who is also UNDP’s Deputy Assistant Administrator.
The UNDP official also congratulated the Vietnamese government for addressing the Millennium Development Goals and poverty reduction issues, as well as ensuring macro-economic stability and public investment through its financial policies.
She also reiterated UNDP’s commitment to the second phase of the project “Strengthening Policy Analysis Capacity in the Ministry of Finance for Human Development.”
This second phase will support the Policy Advisory Group, which was established by the Ministry of Finance, in implementing its work plan and focusing on areas of priority outlined in its five-year socio-economic development plan.
The Policy Advisory Group is expected to provide policy advice to the minister; create systems, databases and knowledge networks; increase staff capacity; and support the Ministry’s public outreach in order to increase levels of transparency in policy making.
VNA
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