What will happen to IMF’s USD 350 million aid transfer?
Just last week the International Monetary Fund had transferred over USD 350 million to the Myanmar government as part of a COVID-19 relief aid – no strings attached. Little did it know that just days later the Tatmadaw would seize power and wou
IMF predicts only 0.5% growth in FY 2020/21
The International Monetary Fund has revised its growth forecast to a scant 0.5% for the fiscal year. This is down from an estimated 3.2% growth for the previous fiscal year, which itself was only around half of pre-pandemic expectations. “WhileInternational partners, individuals chip in for vaccination campaign
After approving a first loan to address COVID-19 worth USD 356.5 million in June last year, the International Monetary Fund (IMF) approved a second emergency loan to Myanmar, valued this time at USD 350 million. The investment “will help address My
IMF gives additional USD 356.5 million
The International Monetary Fund (IMF) has approved USD 356.5 in financing to aid Myanmar’s fight against COVID-19 and efforts to protect its economy. IMF has granted the financing in two forms: a disbursement of about USD 118.8 million under it
Foreign pandemic loans top USD 2.5 billion
It appears a new round of foreign loans have helped the COVID-19 Economic Relief Plan, or CERP, reach its massive price tag. A new round of parliament-approved financing from Japan and the International Monetary Fund have put the total value of forei
