In his speech, the WB official said he aims to learn more about Vietnam and its people on his visit in order to find better ways to support the restructuring of preferential credit loans.
“Vietnam has been a global leader in reducing poverty over the last two decades, making effective use of concessional official development assistance including from IDA. We are glad that our partnership with Vietnam has contributed to this success. We’d like to support Vietnam’s efforts to further reduce poverty with special focus on ethnic minorities.” said Trotsenburg.
Trotsenburg praised Vietnam’s impressive achievements in poverty reduction, recording one of the fastest poverty alleviation rates in the world, and appreciated its efforts to utilize ODA funding appropriately, including capital from the WB’s International Development Association (IDA).
He said he hopes his organization will coordinate closely with the Vietnamese Government to disburse IDA capital effectively and pledged his best efforts to make the upcoming 17th IDA negotiations a success.
The WB will continue providing Vietnam with as much financial resources as possible to help it fulfill its socio-economic targets. Both sides need to work hand in hand at the highest levels to disburse the WB capital efficiently.
The WB is also willing to provide policy consultancy for Vietnam, particularly for stabilizing the macroeconomy, maintaining growth, and accessing capital resources.
During his visit, Trotsenburg met with Prime Minister Nguyen Tan Dung, Minister of Planning and Investment Bui Quang Vinh, and State Bank of Vietnam Governor Nguyen Van Binh, as well as Minister of Agriculture and Rural Development Cao Duc Phat and representatives from other ministries and sectors to discuss various development issues in Vietnam and how it can deal with future challenges.