VIETNAM: City Infrastructure Financing Facility Project
Supporting the Government of Vietnam in setting up a pilot City Infrastructure Financing Facility (CIFF) to finance municipal infrastructure in Vietnam to act as a second tier lender encouraging first-tier lenders (commercial banks) to lend to sub-national governments on a market-driven basis. Primary sub-national governments will be targeted, about eleven Tier 2 provinces, though considered credit worthy normally do not have access to commercial bank lending or the capital markets to finance infrastructure needs.
Approved date2015-10-16
SectorMulti-sector
StatusOngoing
Country
RegionEast Asia & Pacific
InstrumentSNTA