Countercyclical Support

The importance of the sustained dialogue between ADB and the government, as it ensured efficient program formulation. It also enabled good coordination between the Countercyclical Support Facility (CSF) and other policy lending operations already under implementation at the time. The existence of long-term, policy-based operations in Viet Nam that focus on macroeconomic management, public financial management, and social assistance greatly assisted the processing of the VIE-CS.