Determine the safety threshold for ODA loans

Create a breakthrough in implementation progress

Specifically, to create a breakthrough in the progress of implementation and disbursement of ODA capital and concessional loans in the coming time, the Deputy Prime Minister requested sectors and levels to thoroughly grasp and seriously implement Decree No. 16/2016/ND-CP dated March 16, 2016 of the Government on the management and use of official development assistance (ODA) capital and concessional loans from foreign donors and the Project on Attraction, Manage and use ODA capital and concessional loans from donors in the 2016 - 2020 period, thoroughly grasping the spirit, guiding principles, and priority areas for use according to each capital source (non-refundable ODA, ODA loans, concessional loans), integrating proposed programs and projects that qualify according to the provisions of law into the national public investment plan.year and medium term to organize and implement; Ensuring the implementation of the Vietnamese side's commitments, including compensation, site clearance, quality human resources, and adequate and timely arrangement of counterpart capital.

To create favorable conditions for the implementation of Decree No. 16/2016/ND-CP, speed up the process of preparing and approving project lists, negotiating, signing, approving and implementing projects, the Deputy Prime Minister assigned the Ministry of Planning and Investment to preside and coordinate with the Ministry of Finance and relevant ministries and branches to urgently develop and soon issue a Circular guiding the implementation of Decree No. 16/2016/ND-CP; Timely report to the Prime Minister on problems in implementing ODA programs and projects and preferential loans, especially key projects...

Increase responsibility

The Deputy Prime Minister assigned the Ministry of Finance to soon complete the Government's Decree on on-lending to local governments; Soon complete the draft Decision of the Prime Minister on re-lending of investment programs and projects from the Government's foreign loans through on-lending agencies bearing credit risk; chair and coordinate with the Ministry of Planning and Investment to research and determine the safety threshold in ODA loans and concessional loans, without affecting the public debt ceiling... to improve responsibility and efficiency in using ODA and concessional loans of donors, serving the country's socio-economic development while ensuring sustainable public debt safety.

At the same time, governing agencies and project owners must improve the quality of preparation and design work along with strengthening the role and responsibility of quality supervision of competent authorities through the process of appraisal and approval of program and project design documents and documents, ensuring the scale is consistent with the capital allocation ability of the governing agency and investor, minimizing adjustments and changes during the implementation process to avoid waste and prolongation of time. implementing programs and projects, implementing solutions to handle problems of programs and projects that are behind schedule.

State management agencies on ODA and concessional loans, managing agencies and project owners coordinate with donors to periodically organize meetings to review the implementation of programs and projects, strengthen field inspection, supervision and evaluation to identify and promptly handle arising problems, promote implementation progress and improve the disbursement rate of ODA and concessional loan programs and projects.