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.

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