UNDP Regional Official confirms support for Vietnam's financial policies

Oct 27, 2008

Ha Noi - Ms Ligia Elizondo, the UN Development Programme’s Deputy Assistant Administrator and Deputy Regional Director for Asia and the Pacific, today reiterated UNDP’s support for Government policies that aim to improve decision making in the context of unfolding global financial crisis.

“More than ever, public finance and fiscal decision making process have become more pressing, requiring careful policy analysis to develop appropriate policies,” said Ms Ligia Elizondo during her meeting today with Vice Minister Tran Xuan Ha, of Viet Nam’s Ministry of Finance. “At UNDP, we regard the Ministry of Finance as a strategic partner in fulfilling human development objectives.”

The UNDP official congratulated the Government for addressing the Millennium Development Goals, poverty reduction, macro-economic stability and public investment in its financial policies. She also praised the success of the project “Strengthening Policy Analysis Capacity in the Ministry of Finance for Human Development,” and noted the strong commitment and effective cooperation between UNDP and the Ministry. Ms Ligia Elizondo also reiterated UNDP’s commitment to the second phase of this project, entitled “Support to Financial Policy Analysis”. “UNDP is glad to be able to provide support to policy development from a position of neutrality,” she said.

This second phase will support the Policy Advisory Group, which was established by the Ministry of Finance, in implementing its work plan, focusing on priority areas outlined in the five year socio-economic development plan. The Policy Advisory Group is expected to provide policy advice for the Minister; create systems, databases and knowledge networks; build staff capacity; and support the Ministry’s public outreach to increase transparency in policy making.

During her official visit to Viet Nam from October 23-28th, Ms Lidia Elizondo is also holding meetings with the Vice Minister of Planning and Investment, Mr. Cao Viet Sinh, and the UN Country Team.

Contact informationNeil Fowler, UNDP Country Economics Unit,
phone: 3942 1495 (ext 214), email:  neil.fowler@undp.org;  or

Nguyen Viet Lan, UN Communications Team,
phone: 3822 4383 (ext 121), email: nguyen.viet.lan@undp.org.

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