ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

World Bank loans USD 221mn to Vietnam for economic recovery from COVID-19

Washington [US], December 28 (ANI/Sputnik): The World Bank has signed an agreement with Vietnam in the amount of $221.5 million to finance the country's recovery from the coronavirus pandemic.

ANI Dec 28, 2021 08:30 IST googleads

Representative image

Washington [US], December 28 (ANI/Sputnik): The World Bank has signed an agreement with Vietnam in the amount of $221.5 million to finance the country's recovery from the coronavirus pandemic.
"The government of Vietnam and the World Bank has signed an agreement for financing of US$221.5 million to support Vietnam's recovery from the COVID-19 pandemic through policy reforms aimed at improving financial inclusion and spurring greater environmental resilience," the World Bank release said on Monday.
The loan will be provided in a form of budget support for a period of 30 years with a grace period of five years, the release said.
The loan-linked reforms will include easing the existing tax burden on business entities, improving access to financial assistance for vulnerable groups, and reducing gender gaps in workplace, the release added.
The environmental part of the recovery plan will focus on green trade policies, acceleration of the e-government adoption, and renewable energy uptake, according to the release. (ANI/Sputnik)

Get the App

What to Read Next

Asia

MEA rejects Pakistan’s statement on India-Canada deal

MEA rejects Pakistan’s statement on India-Canada deal

"We reject this statement made by Pakistan on the matter. India's credentials regarding non-proliferation are impeccable and well recognised by the global community. A country with a well-documented history of clandestine nuclear proliferation can hardly preach the virtues of export controls and proliferation risks. Such ludicrous statements are nothing more than an attempt by Pakistan to distract from its own abysmal record," he said.

Read More
US

US taps 172m oil barrels as Trump vows to "finish the job"

US taps 172m oil barrels as Trump vows to

The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it has "a broad bank of targets."

Read More
US

"We're not finished yet": Trump on Iran strikes

He said that Iran was paying a big price for inflicting 47 years' worth of damage to the world.

Read More
US

"IEA agreed to release 400 million oil barrels": Trump

Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the oil prices, as we end this threat to America and this threat to the world."

Read More
Europe

Despite dissolution of Alba Party, Dhruva Kumar pushes for Scottish independence, democratic control of resources

Despite dissolution of Alba Party, Dhruva Kumar pushes for Scottish independence, democratic control of resources

In an interview with ANI, Alba Party spokesperson and parliamentary candidate for Glasgow South, Dhruva Kumar, said that the debate around Scottish independence has shifted from a theoretical aspiration to a practical necessity in a post-Brexit world.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.