Tuesday, 09/12/2008 08:34

PM gives green light to foreign-funded projects

The Prime Minister has approved a credit agreement of a World Bank-financed project on building an information management system and modernising the banking system.

He has also agreed in principle to the reception of a non-refundable grant worth 830,000 USD provided by the Japanese Policy and Human Resource Development Fund to the project.

The project aims to increase banking services in the economy in order to boost capital rotation as well as raise institutional capacity of commercial banks regarding internal management and banking services.

The Prime Minister also gave green light to a 285,250 EUR technical assistance project funded by French foundation FASEP.

The project, to be implemented by the Mekong Delta’s Dong Thap provincial People’s Committee, aims to study measures to eliminate arsenic in drinking water and waste water treatment for small- and medium-sized communities.

At the same time, he approved the investment porfolio and a governmental agreement regarding a Belgian-funded project on water supply and hygiene in central Binh Dinh province worth a total 8.95 million EUR.

VNA

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