Financial mechanisms piloted for ODA-used health care projects

Illustrative image (Source: VNA)

Hanoi (VNA) – The has recently issued a pilot financial
mechanism for health care projects using (ODA) and
preferential loans.

Specifically,
projects on infrastructure, social welfares and other fields that are unable to
recover capital by the State will be provided with ODA and preferential loans.

Others
in localities will enjoy non-refundable ODA and partial State budget sponsor and
could relend ODA and preferential loans in line with law.

Projects
that are able to fully or partly reclaim capital, particularly those conducted
by public medical stations, will be eligible for non-refundable ODA, and
allowed to relend 20 percent of their ODA loans and 50 percent of preferential
loans. 

Projects
run by non-public could relend .

The
decision will take effect on July 20.-VNA