Vietnam: Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note

February 27, 2006

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Vietnam: Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

This paper presents a Joint Staff Advisory Note on Vietnam’s Poverty Reduction Strategy. GDP growth accelerated to 7.7 percent despite several exogenous shocks, including the outbreak of avian influenza and a sharp rise in the price of key imported commodities. However, an adverse consequence of these supply shocks has been a sharp rise in inflation, which tested the government’s macroeconomic policymaking ability. The rapid growth of credit is of concern because of a potential accumulation of nonperforming loans of state-owned commercial banks that could ultimately become a fiscal burden and threaten medium-term debt sustainability.

Subject: Environment, Poverty, Poverty reduction, Poverty reduction strategy

Keywords: Articulated agenda, CR, Draft Report, Government, Government strategy, ISCR, Policy, Policy goal, Poverty reduction, Poverty reduction strategy, State intervention

Publication Details

Pages:

10
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/071
Stock No:

1VNMEA2006005
ISBN:

9781451840353
ISSN:

1934-7685

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