ADB to Finance Poverty Reduction Program

The Government has approved the outcomes of negotiations on a credit agreement for the Poverty Reduction Program V (Program Cluster) – Subprogram 3 between Vietnam and the Asian Development Bank. PM Nguyen Tan Dung has assigned Governor of State Bank of Vietnam Nguyen Van Binh to sign the agreement with ADB. The State Bank of Vietnam will be responsible for coordinating with relevant agencies to prepare for the signing ceremony. Earlier, the Government chief agreed with the State Bank of Vietnam’s proposal to launch negotiation with the ADB for the program. (news.gov.vn Nov 25)