Viet Nam: Support the Implementation of the Poverty Reduction Programs IV and V
Validates the completion report’s assessment of the program, which aimed to attain development objectives of business development, social inclusion, natural resources, and modern governance in Viet Nam. IED overall assessment: Successful.
ADB joined the World Bank-led Poverty Reduction Support Credit (PRSC) process in 2003. As part of the process, ADB approved in 2004–2006, three single-tranche program loans (one loan every year), entitled Support the Implementation of Poverty Reduction Program (SIPRP). The SIPRPs I–III provided parallel financing with the World Bank’s PRSCs 3–5, respectively, which supported the implementation of the government’s Comprehensive Poverty Reduction and Growth Strategy 2002–2010.
The SIPRP IV was approved in 2007 as a single-tranche program and provided parallel financing with the PRSC 6. A joint dialogue was conducted to complement rather than replace ADB’s policy initiatives. ADB’s analytical studies, policy initiatives, and monitoring in its areas of strength (such as in small and medium-sized enterprise development, finance, health, gender, and anticorruption) added value to the policy dialogue. The programs helped implement the government’s SEDP 2006–2010. The SIPRP V, consisting of a cluster of three subprograms, was approved in 2008. Through the cluster, ADB was involved in the PRSC in 2008–2010 until the end of SEDP 2006–2010. This enabled ADB to promote, with relatively modest financing, a wide spectrum of policy reforms that were deemed essential to successfully implement the SEDP 2006–2010. Engagement through the SIPRPs allegedly helped ADB achieve objectives under its country strategy and program 2007–2010 for Viet Nam, which included assisting the government to reduce poverty rate to 10%–11% by 2010.
This report validates the completion report’s assessment of the program, which aimed to attain development objectives of business development, social inclusion, natural resources, and modern governance in Viet Nam. IED overall assessment: Successful.
- Project Basic Data
- Project Description
- Evaluation of Performance and Ratings
- Other Performance Assessments
- Overall Assessment, Lessons, and Recommendations
- Other Considerations and Follow-up