NON-REFUNDABLE ODA SHALL BE PRIORITIZED FOR EPIDEMIC PREVENTION
On December 16, 2021, the Government issues the Decree No. 114/2021/ND-CP on management and use of official development assistance (ODA) and concessional loans of foreign donors.
In accordance with this Decree, non-refundable ODA shall be prioritized for implementation of programs and projects on socio-economic infrastructure development; capacity building; support for formulation of policies and institutions and reforms; prevention, control and mitigation of natural disasters, epidemic prevention; adaptation to climate change; green growth; creative innovation; social security; etc.
ODA loans shall be prioritized for programs and projects in the fields of health, education, vocational education, adaptation to climate change, environmental protection, and construction of essential economic infrastructure facilities which are incapable of directly recovering invested funds.
Besides, concessional loans shall be prioritized for programs and projects that use loans for on-lending under regulations on on-lending of ODA and foreign concessional loans of the Government; and programs and projects to be covered by state budget expenditures in the field of socio-economic infrastructure development.
Additionally, to allocate all ODA loans and foreign preferential loans from the central budget for programs and projects to be covered by central budget expenditures. For investment programs and projects to be covered by local budget expenditures, ODA or foreign concessional loans shall be partially or wholly on-lent under regulations on on-lending of ODA and foreign concessional loans of the Government.
This Decree takes effect on the signing date.
