Within the framework of the visit to Washington D.C (the United States), on June 26, 2018, Deputy Prime Minister Vuong Dinh Hue had meetings with Ms. Kristalina Georgieva, Chief Executive Officer (CEO) of the World Bank (WB), and Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF).
Speaking at the meetings, Vietnamese Deputy Prime Minister spoke highly of the results of the side meetings of the 2018 G7 Summit between Prime Minister Nguyen Xuan Phuc and the Chief Executive Officer of the World Bank and the Managing Director of the IMF. He affirmed that the WB and the IMF are among the most important partners of Vietnam. The support of the WB and the IMF has contributed significantly to the cause of socio-economic development of Vietnam over the past time, especially in poverty reduction and coping with climate change.
In her response at the meeting with Vietnamese Deputy Prime Minister, Ms. Kristanlina Georgieva, CEO of the WB shared that the WB highly valued the cooperation relationship with Vietnam. She also praised the remarkable growth of Vietnam in recent years, particularly the economic growth in association with sustainable development, and affirmed that the WB would continue to support Vietnam to successfully obtain its development goals. Ms. Kristalina Georgieva also suggested that Vietnam continue to focus the investment on specific areas to serve for the sustainable development, including human resources, healthcare, climate change resilience and response, water resource management, ect. The WB will consider and provide appropriate fiscal assistance for Vietnam. The relevant WB departments are willing to collaborate with Vietnamese counterparts to materialize these cooperation programs.
Deputy Managing Director of the IMF Mitsuhiro Furusawa (R) and Deputy Prime Minister Vuong Dinh Hue (L). Photo: VGP
In the other meeting with the IMF, Mr. Mitsuhiro Furusawa, Deputy Managing Director of the IMF, spoke highly of the reforms conducted by Vietnamese Government, and the significant outcomes of macroeconomic stability, improvement of competitiveness, inflation control and exchange rate stability.
Mr. Furusawa also stressed the importance of accelerating the reform and modernization in the monetary policy management, fiscal consolidation, improving the flexibility of the exchange rates, and enhancing the role of the private sector in the current context of good macroeconomic outcomes that Vietnam has been experiencing.
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