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Tuesday, June 18, 2024

Disbursements of foreign-funded public investment put at 8.6%

By Truc Dao

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HCMC – The disbursement rate of foreign-funded public investment capital by ministries and agencies had reached nearly 8.6% of the plan as of May 15.

The Ministry of Transport and the Ministry of Agriculture and Rural Development have achieved a disbursement rate of over 10%, while eight ministries and agencies have yet to disburse any of the capital allocations for 2024.

According to the Ministry of Finance, the disbursement rate of public capital from foreign sources is expected to climb to between 15% and 17%, a moderate rate compared to the same period in previous years.

At a conference held on May 21 to address obstacles and difficulties in the disbursement of foreign-funded public investment capital, representatives from various ministries and sectors identified several reasons for the low disbursement of funds.

These include slow processes in land clearance, bidding, and technical design. Additionally, some projects are required to go through procedures to adjust investment policies and loan agreements.

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