Myanmar aims to borrow USD 1 billion for vaccines
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 InduCBM takes steps towards smoother financial management
This week the Central Bank of Myanmar (CBM) made 2 important announcements aiming to improve everyday’s life of banking citizens. First it said that it had “upgraded its payment and settlement system to facilitate transactions between finMyanmar Investment Promotion Plan (MIPP) under review
The Myanmar Investment Commission (MIC) along with the Japan International Cooperation Agency (JICA) will jointly review the MIPP, affected by the coronavirus crisis, to boost the agricultural, health, industrial and digitization sectors for the post
JICA loans additional USD 280 million
Myanmar has accepted yet another COVID-19 recovery loan from Japan. This week, the government signed an agreement with the Japan International Cooperation Agency (JICA) to borrow JPY 30 billion (around USD 282 million) for its ongoing COVID-19 Econom
