WB-funded non-refundable project passed

VGP – The PM has approved a technical assistance project of the World Bank’s City Infrastructure Financing Facility (CIFF) project.
The US$ 666,000 project included US$ 630,000 from the WB’s non-refundable official development assistance (ODA) and US$36,000 of corresponding capital from the State budget.  
 
It targets to support the Ministry of Finance to establish a legal framework of CIFF project; build operating procedures on management, finance, and inspection mechanism of the CIFF projects; perfect amending documents for loans to provincial governments and define commercial banks that will lend
 
CIFF funding and the criteria for receiving this funding./.
 
By Kim Loan
 

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