PANO – The 14 th ASEAN Finance Ministers Meeting opened in Nha Trang on April 8 th with the participation of the representatives from the World Bank, the Asian Development Bank and the International Monetary Fund.
Addressing the event, Mr. Juan Jose Daboub, the World Bank’s Managing Director, congratulated ASEAN on its role from the start of the global economic crisis. He said developing countries of the East Asia & Pacific region are the first to emerge from the global economic crisis and have the potential to grow rapidly in the next decade despite the uncertainties in the global economy, if they carry out reforms with renewed vigor and further cooperate on regional economic integration and climate change.
The WB Managing Director also discussed with Deputy Prime Minister Nguyen Sinh Hung and Governor of the State Bank of Vietnam, Nguyen Van Giau, recent economic and social developments in Vietnam as well as their partnership in support of the country’s development.
Mr. Daboub affirmed the World Bank’s willingness to continue its support to Vietnam in the country’s transition to a market economy and scale up its financial assistance to Vietnam to help narrow the infrastructure gap, strengthen access to basic social services, particularly in poorer ethnic minority communities, and tackle emerging middle income country challenges such as building capacity, strengthening research and technology and expanding targeted social protection systems.
He also announced that the World Bank’s financial commitments since July 2008 have reached US$100 billion
For their part, Deputy Prime Minister Nguyen Sinh Hung and Governor Nguyen Van Giau. all expressed hope that the Bank will continue to provide Vietnam with valuable support for the country’s socio-economic development.
By Vu Hung – Photo: VOV