Economic Management Competitiveness Credit 1

closed

The First Economic Management and Competitiveness (EMCC) Development Policy Operation Program (DPO) is a new series of three DPOs (FY13-15). The EMCC proposes to support economic management reforms to enhance competitiveness for sustained growth and poverty reduction. The EMCC will focus specifically on three elements of competitiveness: (i) macroeconomic stability; (ii) transparency, efficiency and accountability of the public sector; and (iii) an enabling business environment that promotes private sector development. The operation will also look at two cross-cutting themes: (a) protecting the poor from adverse effects of Vietnam's economic transition and competitiveness-related reforms; and (b) promoting greater data and policymaking transparency. Analytical work and policy dialogue will aim to ensure that these cross-cutting issues are appropriately taken into account in the reforms supported under the operation. The design of the EMCC is based on feedback from the government and development partners, and lessons learnt from implementation of the Poverty Reduction Support Credit (PRSC) series.