Parliament approves borrowing from IMF and JICA
Parliament has approved accepting large loans from the International Monetary Fund (IMF). This funding will help the government carry out its sweeping COVID-19 Economic Relief Plan (CERP), which may cost as much as USD 2 billion. During the same sess
Foreign COVID-19 aid flows
Several countries have pledged loans and aid to support Myanmar’s pandemic-stricken economy as well as its short term healthcare needs. This week, the World Bank announced a new Country Partnership Framework that aims to help Myanmar recover frWB: USD 50 Million in Fast-Track Financing for National COVID-19 Emergency Response
In a press release on April 20, the World Bank announced that it had approved a USD 50 million credit for the Myanmar COVID-19 Emergency Response Project. “This fast-track financing will help Myanmar fill a critical gap in its contingency plan to u
Myanmar may take IMF, World Bank pandemic loans
Myanmar is considering taking advantage of emergency loans from global organizations to help ease the economic fallout of the COVID-19 pandemic. “We may seek emergency funds in the future, if things lead to the need for that,” U Aung Naing Oo, wh
First phase of power plan will be done by 2021
Myanmar will complete the first phase of its sweeping National Electrification Plan (NEP) by 2021, according to the public Electricity Supply Enterprise (ESE). It will be the first step towards the government’s goal of total nationwide electrif
