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Vietnamese Government’s anti-crisis measures praised in Istanbul

VGP – Leaders of the World Bank (WB) and International Monetary Fund (IMF) praised the Vietnamese Government’s measures to counter impacts of the global financial crisis and economic downturn.

October 07, 2009 9:09 AM GMT+7

Governor Nguyễn Văn Giàu (R) and IMF Managing Director Dominique Strauss-Kahn, Istanbul, October 5, 2009

Governor of the State Bank of Việt Nam (SBV) Nguyễn Văn Giàu today had separate meetings with IMF Managing Director Dominique Strauss-Kahn, Deputy Managing Director Takatoshi Kato, WB President Robert Zoellick and Deputy President James Adams on the sidelines of the annual meeting of senior officials of the WB and IMF, scheduled on October 6-7 in Istanbul.

Mr. Giàu briefed them about positive signs of the national economy resulted from the Government’s drastic solutions rolling back craggy consequences of the global economic turmoil.

The Government is determined to continue restructuring the economy, streamlining administrative procedures, renovating state-owned enterprises, banking system and public investment, the head of the central bank stressed.

Governor Giàu and leaders of the world financial institutions discussed ways to facilitate disbursement of the WB-funded projects in Việt Nam.

WB President Robert Zoellick highly spoke of the Vietnamese Government’s efforts to balance economic growth and social security in the context of the global crisis.

IMF and WB leaders said that the Government needs to be precautious of recurrence of inflation in the future as the financial and economic storm has not faded away.

Mr. Giàu, selected as chairman of the Boards of Governors of the WB Group and IMF at the annual meeting last year in Washington D.C, now in Istanbul is about to preside over the annual meeting 2009, which centers on impacts of the financial crisis and the institutions’ capacity to cope with future possible crisis.

Earlier on October 3, Mr. Giàu attended an unofficial meeting of the ASEAN Governors to deliberate on ways to cement cooperation among regional bankers, particularly in dealing with temporary payment imbalance.

A day earlier, the Vietnamese Governor also joined the 4th conference of leaders of central banks from Asia, Latin America and the Caribbean.

By Hải Minh