IFC finances Myanmar off-grid solar program
The World Bank, through the International Finance Corporation (IFC), has issued a USD 3.45 million grant to help the government of Myanmar finance an off-grid solar program. The programme is co-funded by the Global Partnership for Results Based Appro
IFC: Myanmar should go solar
Solar can help Myanmar fill its electricity shortage and reduce the cost of power, the International Finance Corporation (IFC) argued in a recent report. The IFC (which is the private sector financing arm of the World Bank Group) claimed that investi
YCDC offers paperless building permit applications
Prospective builders in the city of Yangon can now apply for permits online. The new paperless system by YCDC aims to streamline the ciy’s notoriously difficult permit-seeking process, according to a Myanmar Times report. There are roughly 4000
Hydropower Developers’ Association launch by IFC
The International Finance Corporation(IFC), the private sector arm of the World Bank Group, has announced the launch of the Myanmar Hydropower Developers’ Association (MHDA). It is an innovative platform for hydropower companies and professionals w
Metro Myanmar secures USD 20 Million IFC loan
The Myanmar arm of the German food retail group Metro AG has raised a USD 20 million loan from the International Finance Corporation (IFC). According to a Myanmar Times article, IFC said the funds would help increase the company’s incomes. It is ex
