Poverty Reduction Support Credits : Vietnam Country Study

Vietnam, a one-party socialist state dominated by the Communist Party of Vietnam, has in recent years moved towards a pragmatic growth-oriented approach to economic policy. Early reform measures in 1986 with the doi moi, or new way, introduced a se...

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Bibliographic Details
Main Author:	Grawe, Roger
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC: World Bank 2017
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ADB ADJUSTMENT LENDING AGRICULTURAL DEVELOPMENT AID EFFECTIVENESS ANNUAL CYCLE ARREARS AUDITING AUDITS BANK POLICY BANKING REFORM BANKING SECTOR BANKING SUPERVISION BETTER ACCESS TO INFORMATION BLOCK GRANTS BORROWER BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CYCLE BUDGET DEFICITS BUDGET LAW BUDGET MANAGEMENT BUDGET OUTCOMES BUDGET PLAN BUDGET PREPARATION BUDGET PROCESS BUDGET RESOURCES BUDGETARY REFORMS BUDGETING CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL FORMATION CAPITAL INVESTMENT CENTRAL GOVERNMENT CHART OF ACCOUNTS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATION COLLAPSE COMMERCIAL BANK COMMERCIAL BANKS CONDITIONALITY CONFIDENCE CONTINGENT LIABILITIES CORRUPTION COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT DATA AVAILABILITY DATA REQUIREMENTS DEBT DEBT REDUCTION DEBT SUSTAINABILITY DEGREE OF VARIATION DELEGATION OF AUTHORITY DEVELOPMENT BANK DIAGNOSTIC WORK DISBURSEMENTS DOMESTIC CAPITAL DONOR COORDINATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC POLICY EDUCATION POLICY EMPLOYMENT EXCHANGE RATE EXPENDITURE PLANNING EXPENDITURES EXPORT GROWTH FIDUCIARY ASSESSMENT FINANCE MANAGEMENT FINANCE MINISTRY FINANCIAL ACCOUNTABILITY FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL MANAGEMENT COMPONENTS FINANCIAL SECTOR FISCAL IMPLICATIONS FISCAL POLICY FOREIGN DIRECT INVESTMENT GENERAL BUDGET SUPPORT GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT REFORM GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HEALTH CARE HEALTH MINISTRY HEALTH OUTCOMES HEALTH POLICY HOUSEHOLD LIVING STANDARDS HUMAN DEVELOPMENT IMPORT DUTIES IMPROVING BUDGET EXECUTION INCOME INEQUALITY INFLATION INFLATIONARY PRESSURES INFORMATION SYSTEM INFRASTRUCTURE SERVICES INITIATIVE INSTITUTIONAL DEVELOPMENT INSTRUMENT INTEREST RATE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL RESERVES INTERNATIONAL SUPPORT INVESTMENT CLIMATE INVESTMENT CORPORATION LEADERSHIP LEGAL FRAMEWORK LEGAL REFORM LOAN LOAN CLASSIFICATION LOCAL GOVERNMENT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET ECONOMY MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MEDIUM-TERM GOALS MEDIUM-TERM PERSPECTIVE MINISTER MINISTERIAL COORDINATION MINISTRY OF FINANCE MONETARY FUND MORAL HAZARD MULTIYEAR PERIOD NATIONAL OWNERSHIP NATIONAL POVERTY NATURAL DISASTERS NATURAL RESOURCES NPL OUTCOME INDICATORS OUTSIDE OBSERVERS PERFORMANCE ASSESSMENT POLICY DECISIONS POLICY FORMULATION POLITICAL CONSTRAINTS POOR POVERTY ANALYSIS POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGIES POVERTY REDUCTION STRATEGY POVERTY REDUCTION STRATEGY PAPER POVERTY REDUCTION SUPPORT PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROGRAMS PROVINCIAL LEVELS PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM ACTIONS REFORM AGENDA REFORM PROCESS REFORM PROGRAM REFORM PROJECT REGULATORY FRAMEWORK RESOURCE FLOWS REVENUE FORECASTING REVENUE PROJECTIONS RURAL RURAL DEVELOPMENT RURAL WATER RURAL WATER SUPPLY SANITATION SECTOR BUDGET SECTOR POLICY SECTOR PROGRAMS SOCIAL INDICATORS SOLICITATION STATE BANK STATE BUDGET STATE TREASURY STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS SUSTAINABILITY ANALYSIS SWAP TARGETING TAX TAX ADMINISTRATION TECHNICAL ASSISTANCE TRANCHE TRANSPARENCY TREASURY SYSTEM TRUST FUND TRUST FUNDS
Online Access:	http://documents.worldbank.org/curated/en/434361468134369830/Poverty-reduction-support-credits-Vietnam-country-study http://hdl.handle.net/10986/27914

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Summary:	Vietnam, a one-party socialist state dominated by the Communist Party of Vietnam, has in recent years moved towards a pragmatic growth-oriented approach to economic policy. Early reform measures in 1986 with the doi moi, or new way, introduced a series of market-oriented reforms in industry and trade, as well as agriculture. The collapse of the Soviet Union in 1989 hastened the pace of reform, as the authorities intensified monetary, banking, and structural reforms and set the stage for substantial trade and investment liberalization, and as Vietnam's arrears with the International Monetary Fund (IMF) were settled in 1993. Key lessons that emerge from the Vietnam study include: a) the Poverty Reduction Support Credit (PRSC) process is strengthened through rigorous analytic underpinnings (for example, Vietnam development reports, public expenditure reviews, and other analytical and advisory services) that provide a shared vision of the development agenda and a menu of policy actions linked to the thematic pillars of the poverty reduction strategy; b) even in a context of high government commitment, fostering a connection to an external anchor (such as world trade organization accession) can help maintain momentum in the PRSC process and reform generally; c) PRSCs can function as an effective complement to, and catalyst for, sector operations including the development of sector-wide approaches and sector budget support; and d) with large numbers of international and government participants, it becomes increasingly important for both Government and the Bank that responsibilities for coordinating inputs and consultation and maintaining a policy overview be closely linked, defined, and adequately funded.

Poverty Reduction Support Credits : Vietnam Country Study

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