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Vietnam, facing a major cutback in loans from allies in the Soviet Union and Eastern Europe, says Western banks are withholding desperately needed aid out of malice.
Deputy director of Vietnam State Bank`s foreign department, Nguyen Cong Hai, said that Hanoi had been waiting since September for the International Monetary Fund to help secure a loan to pay off the country`s debts-even though Vietnam had satisfied all the fund`s requirements.
”The relationship between the IMF and Vietnam has been influenced by political factors, particularly the Cambodian problem,” he said. ”Now that problem is over there is no excuse for delaying a relationship between us.”
