Ninth Poverty Reduction Support Credit Sample Clauses

Ninth Poverty Reduction Support Credit. Background and Necessity Since the doi moi reform policy of 1986, the Vietnamese government has been promoting a policy of openness to foreign business, and has been facilitating economic growth while alleviating poverty through integration into the international economy. This has resulted in the country maintaining a high gross domestic product (GDP) with a real growth rate around seven percent. The poverty ratio for the total population (approximately 83 million) has dropped from 28.9 percent in 2002 to 16.0 percent in 2006. While dealing with the issues of economic disparities and environmental protections on the one hand and maintaining the economic growth on the other, the Vietnamese government has the additional difficult task of implementing a variety of reforms in accordance with its international pledge to the World Trade Organization, which Vietnam officially joined in January 2007. With the entire world falling into recession due to the recent financial and economic crisis, the real GDP in Vietnam has decelerated to 5.3 percent for 2009, bringing pressure to implement measures to stabilize the macro-economy and create employment. Objective and Summary Under the Ninth Poverty Reduction Support Credit, financial support will be provided for the reforms being advanced by the Vietnamese government, particularly: investment including that in infrastructure, enhancements to the business climate, public finance management, reforms to the financial sector and state-run companies, the plan formulation process, environmental management and fighting corruption. This will assist Vietnam in achieving the following policy objectives of its Eighth Five Year Socio-Economic Development Plan of 2006-2010:
Sample 1
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Related to Ninth Poverty Reduction Support Credit

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