Country’s development threatened by military takeover: World Bank
Following the coup by the military, the World Bank said it was gravely concerned about the current situation in Myanmar, warning the events risked a major setback to the country’s transition and its development prospects. “We are concerned about
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 Indu
Economy will continue to suffer, says World Bank
The 2020-2021 fiscal year is off to a poor start, with rising poverty rates and growth estimated to be under 2%, according to the World Bank’s “Myanmar Economic Monitor.” Likewise, the poverty rate could reach 27% this fiscal year (World Bank Group backs Korean industrial complex
As we had reported back in July, a Korean-Myanmar Industrial Complex (KMIC) is set to be established in Hlegu Township in Yangon Region. Late last month, the Multilateral Investment Guarantee Agency (MIGA), member of the World Bank Group, said in a sIFC 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
