The World Bank and the Post-Washington Consensus in Vietnam and Indonesia by Engel Susan;

Author:Engel, Susan;
Language: eng
Format: epub
Publisher: Taylor & Francis Group
Published: 2010-08-15T00:00:00+00:00

Finance and Law, Justice and Public Administration

Four of the five credits in the law, justice and public administration sector were structural adjustment loans analysed above. Thus the remaining credit in this sector, the Public Financial Management Reform Project, is included with finance sector activities. The Bank classified the Agricultural Rehabilitation Project (World Bank 2002g: 2) as a finance project because 51 per cent of the loan value was for a form of microfinance – supervised credits to private smallholder farm households across ten provinces to provide access to farm inputs. The non-microfinance aspects of the credit are analysed with agriculture, fishing and forestry loans. The Forest Sector Development Project, which is classified by the Bank as 100 per cent agriculture, fishing and forestry, includes a similar microfinance component for smallholder plantation forests valued at 51 per cent of total project funds (and a greater portion of World Bank loan funds). The microfinance component is covered in this section.

Table 7.6 Word Bank finance and law, justice and public administration sector lending to Vietnam: 1993–7 and 2000–4 Project name Year approved Approved amount (US$ millions) Microfinance (%)

Loans 1993–7

Agricultural Rehabilitation Project 1994 96.0 51

Payment System and Banking System Modernization Project 1995 45.65 –

Rural Finance Project I 1995 122.0 100

Loans 2000–4

Second Rural Finance Project 2002 200.0 100

Public Financial Management Reform Project 2003 54.3 0

Forest Sector Development Project* 2004 39.5 51**

Notes: * Project sector as classified by Bank is agriculture, fishing and forestry.

** See Note 9.

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