France Extends Vietnamese Reform Program

France will provide 100 million euros (USD135 million) for the extension of a public investment reform program in Vietnam, Voice of Vietnam reports. The loan will support the second phase of the World Bank-supported program, which seeks to improve public management of funding for Vietnam’s infrastructure projects. The first phase of the project was completed in 2009, funded by a USD500 million loan from the World Bank.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.