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Vietnam: Ho Chi Minh City Investment Fund for Urban (HIFU) Development Project

June 20, 2007

IDA CREDIT AMOUNT: US$50.00 million
TERMS: Grace period = 10 years; Maturity = 40 years.
PROJECT DESCRIPTION: The objective of the project is to develop HIFU as a model Local Development Investment Fund (LDIF) (in terms of internal policy and procedures for financial policy, sub-project appraisal, social and environmental safeguards, and partnership with the private sector) and increase private sector participation in financing municipal infrastructure in HCMC.

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