Myanmar aims to borrow USD 1 billion for vaccines

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The Myanmar government is requesting a total of roughly USD 1 billion in loans to buy its first COVID-19 vaccines. It has petitioned the World Bank, IMF, ADB and JICA, U Tun Tun Naing, permanent secretary of the Ministry of Planning, Finance and Indu

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Rural development Loan proposed by Ministry of Agriculture

Ministry of Agriculture proposes loan for rural development

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The Myanmar government is weighing a potential loan of USD 185 from the Asian Development Bank (ADB). The loan is aimed to be used for wide-ranging rural development initiatives. U Hla Kyaw, deputy minister for the Ministry of Agriculture, Livestock

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Myanmar foreign debt

Myanmar foreign debt now totals US$10.2 billion

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Myanmar ended the 2017-2018 fiscal year with US$10.2 billion in foreign debt, the Joint Public Accounts Committee reported to the Union Parliament. That is an 11.5% rise from the previous fiscal year. According to the committee, China is Myanmar̵

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