WASHINGTON, October 30, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$60 Million Equivalent
TERMS: Maturity = 40 years; Grace = 10 years
Project Description: The project will assist the State Bank of Vietnam, the Credit Information Center and the Deposit Insurance of Vietnam to improve the delivery of their main functions in accordance with relevant international standards for the banking sector, through (a) developing a centralized and integrated system of advanced business processes and a modern information technology architecture; and (b) strengthening their institutional capacity in carrying out their operations.
Media Contact
Muhammad Al Arief
(202) 458-5964
malarief@worldbank.org
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