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Nation eyes economic stability
A discussion of ways to stabilise the marcroeconomy and protect poor people from macroeconomic instabilities will take place at the annual mid-year Consultative Group's (CG) meeting next week.
Topics for discussions at the conference held in the central Ha Tinh Province will be updates on the implementation of Government's Resolution 11 which was to curb inflation, stabilise the macro-economy and ensure social security, monetary and financial sector, fiscal and budget transparency, public investment efficiency and State-owned enterprises, said World Bank (WB) Country Director Victoria Kwakwa at a press briefing yesterday.
Social impact on the poor and appropriate policy responses, protecting small-and-medium-sized enterprises activities, as well as fighting corruption in extractive industries will be other major topics deliberated at the conference.
Speaking at the press briefing, Deepak Mishra, a leading economist of the WB in Viet Nam said the country would see gradual improvement in marcoeconomy during the second half this year.
Inflation was likely to peak this month at around 22 per cent and gradually fall to around 15 per cent by the end of this year, he added.
"The country will have a stronger performance next year but still will be significantly below the growth rate of the period before the global crisis."
Before the mid-year CG meeting, representatives from the Government and development partners will visit some projects on education, healthcare, infrastructure and environment which received investment from donors in the province.
Development partners last year pledged US$7.905 billion in Official Development Assistance (ODA) for Viet Nam this year.
The amount included $3.3 billion from bilateral partners and the remaining $4.6 billion from multilateral partners.
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