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

1VNMEA2006005 Image
Price:  $15.00

Release Date: © February, 2006
ISBN : 978-1-45184-035-3
Stock #: 1VNMEA2006005
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports