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

International Monetary Fund

No 2006/071, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; policy; state intervention; government strategy; policy goal; draft Report; articulated agenda; Poverty reduction strategy; Poverty reduction (search for similar items in EconPapers)
Pages: 10
Date: 2006-02-27
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