On 06 October 2018, Prime Minister promulgated Decision No. 1489/QĐ-TTg approving the orientation of attraction, management and using ODA capital source and preferential loan capital of foreign donors in the stage of 2018 – 2020, the vision 2021 – 2025. This Decision takes effect from the issuing date.
Accordingly, Prime Minister directs and guides the activities of attracting and using ODA capital in the 2018-2020 period as follows:
– Take advantage of the remaining ODA capital of multilateral donors in 2018-2020. For the preferential loan capital IBRD of the World Bank (WB), OCR of Asian Development Bank (ADB) and preferential loan capital of donors, continue mobilizing and using for developing the infrastructure. Mobilization and using need to consider in the total of public investment capital sources, debt ceiling and the capacity to balance the repayment of the state budget; Consideration, evaluation the impact to the period after 2021 – 2025 to ensure the orientation to ensure the direction of reducing the deficit, public debt, policy of restructuring public investment according to the Resolutions of the Central Committee and the National Assembly and and the capacity to balance the source of repayment of budget levels;
– ODA loan capital, preferential loan capital only using for expensing to developing investment without using for Regular spending;
– To prioritize using ODA loan capital for programs, projects in the fields of medical, education, vocational education, adaptation to climate change, environmental protection, the transportation infrastructure is not able to recover directly, Large-scale, highly spatial, inter-regional nature, suitable planning, promote the process of socio-economic development of the region.
It can be seen through the approval of the orientations for attraction, management and use of ODA and preferential loans of foreign donors in the period of 2018-2020, vision 2021-2025, the Prime Minister It is expected to facilitate the effective management and use of ODA capital in line with the current socio-economic development stage of the country.