infrastructure with private-sector participation, and helping to restore Poland’s creditworthiness. the Bank also helped to improve public understanding of the Finally, economic strategy. government’s Vietnam Goldin et al. 02. Ian Goldin (Professor at Oxford University), Halsey Rogers (Lead Economist with the Education Global Practice), and Nicholas Stern (Chair of the Grantham Research Institute, professor at Oxford). Role and Effectiveness of “The Development Assistance: Lessons from World Bank A Research Paper Experience.” from the Development Economics Vice Presidency of the World Bank. 2002. [Premier] Vietnam. Vietnam has also moved strongly to reform its economy and reduce poverty over the past dozen years, beginning when it The Bank was still politically and economically estranged from major donors and therefore could not receive large-scale aid. began to provide advice to Vietnam in 1989, at a time when the disastrous country’s economic policies had produced a crisis of hyperinflation, falling economic activity, and mass exodus of economic migrants. the Bank advised the Although it did not provide finance until 1993, government on stabilizing the macroeconomy, opening to foreign trade and investment, and reforming property rights. As reforms took hold, the Bank later shifted its focus to infrastructure and primary the income poverty rate was cut from 58 to 37 percent in education. The results have been remarkable: just six years.
infrastructure with private-sector participation, and helping to restore Poland’s creditworthiness. Finally, the Bank also helped to improve public understanding of the government’s economic strategy. Vietnam Goldin et al. 02. Ian Goldin (Professor at Oxford University), Halsey Rogers (Lead Economist with the Education Global Practice), and Nicholas Stern (Chair of the Grantham Research Institute, professor at Oxford). “The Role and Effectiveness of Development Assistance: Lessons from World Bank Experience.” A Research Paper from the Development Economics Vice Presidency of the World Bank. 2002. [Premier] Vietnam. Vietnam has also moved strongly to reform its economy and reduce poverty over the past dozen years, beginning when it was still politically and economically estranged from major donors and therefore could not receive large-scale aid. The Bank began to provide advice to Vietnam in 1989, at a time when the country’s disastrous economic policies had produced a crisis of hyperinflation, falling economic activity, and mass exodus of economic migrants. Although it did not provide finance until 1993, the Bank advised the government on stabilizing the macroeconomy, opening to foreign trade and investment, and reforming property rights. As reforms took hold, the Bank later shifted its focus to infrastructure and primary education. The results have been remarkable: the income poverty rate was cut from 58 to 37 percent in just six years.
Premier-Debate-Brief-ND17.docx