Order and Procedures for Management and Use of ODA Capital and Concessional Loans from May 25, 2020

Sequence and procedures for management and use of ODA funds, concessional loans (Illustrated image)

According to provisions in Article 8 of Decree 56/2020/ND-CP, the sequence and procedures for management and use of ODA funds, concessional loans are implemented as follows:

1. For programs and projects using ODA loans, concessional loans; investment programs and projects using non-refundable ODA; technical assistance projects using non-refundable ODA to prepare investment projects:

- Prepare, select, and approve the program or project proposal;- Officially notify the foreign sponsor of the approved program or project proposal;- Prepare, appraise, and decide the investment policy of the program or project;- Officially notify the foreign sponsor of the investment policy decision of the program or project and request consideration for sponsorship;- Prepare, appraise, and decide the investment of the program or project;- Depending on the sponsor's regulations, carry out one of the following procedures: Sign the international treaty; sign the agreement on ODA funds, concessional loans; sign the exchange document on the investment project using non-refundable ODA;- Manage the implementation and financial management;- Complete, transfer the results.

Investment programs and projects using non-refundable ODA and technical assistance projects using non-refundable ODA to prepare investment projects are not required to comply with points a and b of this clause.

2. For technical assistance projects, non-projects using non-refundable ODA:

- Prepare the project or non-project document;- Decide the implementation policy for the project or non-project as stipulated in clause 1 Article 23 of this Decree;- Appraise and approve the project or non-project document;- Officially notify the foreign sponsor of the approval of the project or non-project document and request consideration for sponsorship;- Depending on the foreign sponsor's regulations, carry out one of the following procedures: Sign the international treaty; sign the agreement on non-refundable ODA; sign the exchange document on the technical assistance project, non-project;- Manage the implementation and financial management;- Complete, transfer the results.

3. For budget support:

- Prepare and decide the policy on receiving budget support;- Sign the international treaty, agreement on ODA funds, concessional loans for budget support;- Manage the implementation and financial management;- Complete, transfer the results.

4. For programs and projects using blended financing mechanism: The managing agency shall carry out the sequence and procedures for programs and projects using ODA loans, concessional loans as stipulated in clause 1 of this Article.

For more details, refer to Decree 56/2020/ND-CP effective from May 25, 2020.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE