Nghe An strives to complete disbursement of 100% of WB loan capital

On the morning of October 28, the Ministry of Finance held an online conference of ministries, branches and localities with the World Bank on disbursement of capital plans for 2020. Comrade Tran Xuan Ha - Deputy Minister of Finance, chaired the conference. Attending were representatives of the World Bank (WB); leaders of central ministries, branches and localities. Comrade Le Hong Vinh - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee chaired at Nghe An.

Permanent Vice Chairman of the Provincial People's Committee Le Hong Vinh presided at Nghe An bridgehead. Photo: Thu Huyen

According to the report of the Ministry of Finance, in the first 9 months of 2020, the disbursement rateThe programs and projects using WB loans nationwide reached more than 20% of the assigned plan estimate and were higher than the same period in 2019. However, this rate is much lower than the average level of public investment disbursement in 2020 nationwide.

At the meeting points, local leaders gave their opinions on difficulties and limitations; made recommendations, proposals and solutions to achieve high results in disbursing public investment capital from WB loans.

Based on the opinions expressed by the localities, the leaders of the Ministry of Finance had specific opinions on each specific issue of each locality...

In Nghe An, implementing the direction of the Government, the Prime Minister and central ministries and branches; right from the first months of 2020, the People's Committee of Nghe An province has directed and implemented many drastic solutions tospeed up ODA disbursement progressand preferential loans from foreign donors in general, and projects using WB loans in particular.

For the 2020 plan, Nghe An province was assigned 175,479 billion VND for 04WB project, disbursement value up to September 30, 2020: 126.21 billion VND, reaching 71.92%. Of which, 02 projects have disbursed nearly 100%, 01 project has disbursed 70.74%. The remaining 01 project has not yet disbursed.

Delegates attending the online conference at Nghe An bridgehead. Photo: Thu Huyen

For the 2019 capital plan extended to 2020: There are 02 projects/extended capital of 1,414 billion VND. As of September 30, the disbursement rate reached 68.51%. For the additional capital assigned in 2019 (disbursed to December 31, 2020): 02 projects/181.4 billion VND, as of September 30, the disbursement rate reached nearly 40%.

For foreign capital re-borrowed in 2020:The plan was assigned 85.43 billion VND/04 projects, by September 30, the disbursement rate reached nearly 51%. The loan capital was disbursed in proportion to the capital allocated from the central budget.

Gang Bridge connecting Nghia Hung commune with Nghia Hieu commune (Nghia Dan) was newly invested from WB capital (LRAM project). Photo: Thu Huyen

During the remaining 2 months of 2020, Nghe An will continue to make efforts and resolutely direct sectors, levels, and investors to focus on removing difficulties, striving to complete the disbursement of 100% of the public investment capital plan targets in general and ODA programs and projects using WB loans in particular in accordance with the direction of the Government and the Prime Minister.

Based on the actual disbursement situation of the projects, at the Conference, Nghe An provinceProposed reduction in the additional capital plan assigned in 2019 due to lack of demand. Specifically, proposed reduction and return to the central budget the capital of 56,019 billion VND/02 projects, including 1 project using WB capital (LRAM project) with capital of 47,624 billion VND.