ODA and preferential loans disbursed at US$1.5 billion only in first six months falling behind schedule

On August 01, at the Conference on pushing up the disbursement of ODA and preferential loans, the Ministry of Planning and Investment said that this year, total ODA and preferential loans might be disbursed in the amount of US$4.6 billion. However, in the first six months of this year, only US$1.5 billion was disbursed, accounting for 32.6% of the expected disbursement of the whole year.

The Prime Minister (PM) highlighted the causes of delayed disbursement such as contractor’s capability, land clearance, disbursement procedures, etc.. The PM also applauded the proactive actions of ministries, departments and localities, including the use of alternative resources in the context of the budget under difficult circumstances.

The PM affirmed that in the coming time, ODA and preferential capital still plays a very important role in socio-economic development. However, besides the use of capital resource and technology, the private enterprises should be encouraged to take part in projects and works that are feasible.