ODA, foreign loan disbursement standing at just 7.5 pct

Only 7.5 percent of official development assistance (ODA) and foreign loans have been disbursed since the beginning of the year according to the Ministry of Finance (MoF).

Only five out of 13 ministries and sectors have disbursed public investment ODA and foreign loans this year.

The Ministry of Finance said the partial completion of investment procedures for investment projects has resulted in slow disbursement, together with the COVID-19 pandemic.

Many projects that have been allocated capital and completed investment procedures, meanwhile, have been slow in site clearance and resettlement.

The Ministry of Finance suggested that the Ministry of Planning and Investment coordinate with relevant agencies in reviewing and evaluating public disbursement in the past, clearly identifying any difficulties and obstacles and proposing solutions to address them./.

By: VNA