Continue on path to economic reform, urges World Bank chief
HANOI - World Bank President James Wolfensohn has urged
Vietnam to keep up its economic reforms, according to
a bank spokesman.
Mr Wolfensohn, who arrived in Hanoi after a visit to Ho
Chi Minh City, met with Vice-Prime Minister Nguyen
Tan Dung to "discuss the government's long-term
development strategy", the spokesman said.
He then met with representatives of donor countries,
non-governmental organisations and other economic
players at a luncheon in the Vietnamese capital.
Mr Wolfensohn "insisted on the need for Vietnam to
pursue its reforms", said one diplomat from a donor
country.
"He also said the World Bank plans to take a new
approach in its action in Vietnam by axing its
programmes on the fight against poverty,
decentralisation and access to new technology and
information," the diplomat said.
Vietnam launched its economic reforms known as doi
moi in 1987 to open up the markets in the communist
country to the outside world.
However, the pace of reform has lagged despite initial
investor enthusiasm, and the country remains one of the
poorest in the world with an average per capita income
of only US$300.
Since the World Bank began its activities in Hanoi in
1993, it has pledged $2.4 billion in aid, with $1 billion
already disbursed.
Mr Wolfensohn, who began his four-day visit in Ho Chi
Minh City on Monday, has visited rural poverty-stricken
zones in the south to show the bank's desire to focus aid
programmes on reducing poverty and social problems.
He was due to meet with Prime Minister Phan Van Khai
yesterday, before talks today with several high-ranking
officials from the ruling Communist Party and President
Tran Duc Luong.
He will also visit the Vietnam Development Centre, the
leading computer and electronic facility in the country,
which, it is hoped, will become an information source
open to all, the bank said.
The centre is largely funded by the bank.
Two projects funded by the bank are due to be signed
in the Vietnamese capital to develop mangrove sites in
coastal areas and to improve the transport infrastructure
in rural areas, before the World Bank chief leaves.
Mr Wolfensohn, who is on his first visit to Vietnam since
1996, is accompanied by the bank's outgoing
Asia-Pacific head, Jean-Michel Severino, incumbent
Jamil Kassum and the Bank's vice-president in charge
of external affairs Mats Karlsson.
AFP - February 24, 2000.
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