The State Bank of Vietnam (SBV) Delegation led by Deputy Governor Dao Minh Tu attended Spring Meeting 2017 of the World Bank Group (WB) and the International Monetary Fund (IMF), and the G20 Financial Ministers and Central Bank Governors Summit in Washington D.C, the United States of America (USA) on April 20-23, the common meeting of Chief Executive Officer of the ASEAN Office at IMF and WB.
The IMF/WB meeting delivered a strong message and committed to fight against protectionism and avoid the focus on inward-looking policies for the aim of maintaining the global growth momentum and financial stability. The conference came to conclusion that the world economy has gained the growth momentum but still modest due to geo-political instabilities and policies of several countries. The G20 Financial Ministers and Central Bank Governors Summit stated that although the global economy is gradually recovering, there are potential risks that preventing growth, especially the inward-looking issues in several developed countries. Recognized free trade as a crucial important factor to promote and protect the global growth, the attendees agreed that all countries need to make their best efforts in order to ensure the effective supports of the globalization for economic growth, and to accelerate the active reform to enhance the abilities of coping with external shocks in the coming time.
On this occasion, Deputy Governor Dao Minh Tu had a courtesy meeting with Madam Cristalina Georgieva, the WB CEO and Madam Victoria Kwakwa, WB Vice President for East Asia and Pacific, Mr Axel Van Trotsenburg, Vice President of Development Finance of WB.
Deputy Governor Dao Minh Tu met with Madam Cristalina Georgieva, the WB CEO
At the meetings, Deputy Governor Dao Minh Tu highly appreciated the WB supports for Vietnam over the past years, especially in the process of building IDA graduation mechanism for Vietnam. SBV Deputy Governor briefed the WB leaders the macro-economic situation in Vietnam, the government’s determination on reform and its commitment to effectively utilize the WB’s valuable supports for Vietnam.
The WB leaders highly appreciated and congratulated on the socioeconomic development achievements of Vietnam over the past time as well as the efforts and determination of the Government of Vietnam on socio – economic development with saying that the WB will continue to support and accompany with Vietnam to achieve the set objectives. Specifically, the World Bank will assist in finding and facilitating Vietnam to access the non-refundable aid funds in the coming years.
In the work-trip, the SBV delegation also had meetings with the Vice Presidents of the Multilateral Investment Guarantee Agency (MIGA) and the International Finance Corporation (IFC) and had technical meetings with relevant units of WB and IMF.
Giang Nguyen