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NDRC approved the Foreign Capital Utilization Plan for the World Bank

loan to the project of Hunan Subnational Governance and Public Service

Delivery Program for Results in Xianggan (Hunan-Jiangxi) border region

  Recently, the Foreign Capital Utilization Plan for the World Bank loan to the project of Hunan Subnational Governance and Public Service Delivery Program for Results in Xianggan (Hunan-Jiangxi) border region has been approved by the National Development and Reform Commission(NDRC). The project adopts the World Bank PforR tool with a loan of 200 million US dollars to mainly support 8 counties (cities), namely, Pingjiang, Liuyang, Liling, Youxian, Chaling Guidong, Rucheng and Yizhang to strengthen institutions for intergovernmental fiscal management, transparency and accountability, enhance fiscal sustainability and achieve strategic allocation of public resources. It also improves the management and services of rural roads and compulsory education by improving intergovernmental fiscal management and transfers.

(Department of Foreign Captial and Overseas Investment)