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 the...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2006
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| Series: | IMF Staff Country Reports
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| 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 |
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| Physical Description: | 10 pages |
| ISBN: | 9781451840353 |