Vietnam; Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note
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.
Year of publication: |
2006-02-27
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Governance | Poverty reduction | poverty reduction strategy | reduction strategy | poverty reduction strategy paper | macroeconomic framework | social safety net | changes in poverty | data collection | financial sector reform | household survey data | living standards survey | qualitative data | household survey | contingency plan | fiscal deficit | data limitations | living standards | household living standards | poverty monitoring | fiscal stance |
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