“We made such a commitment based on our solid relations with the Vietnamese Government and Vietnam’s effective use of the loans”, she said.
Kwakwa also applauded the Vietnamese Government’s efforts to promote socio-economic development, reduce poverty and minimise the negative impact of the global crisis.
CG 2009, scheduled to take place in Hanoi on December 3-4, will focus on measures to maintain macro-economic stability, restructure the economy for post-crisis growth and improve the public administration, she said.
Also high on the meeting’s agenda are anti-corruption and challenges emerging from the poverty alleviation scheme.
Two days before the opening of the meeting, there will be a Vietnam Business Forum under the co-sponsorship of the International Finance Corporation (IFC) and the Ministry of Planning and Investment.
The focus will be on feedbacks on business climate from international and domestic businesses and a survey on the business circles’ opinions on Vietnam’s investment potential.
Simon Andrews, Regional Director in charge of Vietnam, Laos, Cambodia and Thailand from the IFC expressed optimism about the Vietnamese market’s medium and long-tem development.
He said the government’s stimulus package has really worked, helping the economy recover drastically from the impact of the global crisis.
The FIC senior expert emphasised on the need to develop the capital market, encourage the private sector to invest in infrastructure construction and increase the economy’s competitive edge, especially in exports.
At last year’s consultative group meeting, international donors (excluding Japan) pledged over US$5 billion in support of poverty and development programmes in Vietnam.