World Bank predicts developing countries growth to speed up in 2015

WASHINGTON (AFP) – The World Bank on January 13 predicted a pick-up in economic growth for developing countries, spurred by falling oil prices and despite a slight slowdown in global engine China. Developing countries’ growth in gross domestic product, the broad measure of a country’s output of goods and services, was expected to hit an […]

Japan’s development loan to be spent on infrastructure and economic zone

Japan will lend over US$ 900 million for development projects this fiscal year to be spent on renovation and basic infrastructure in Yangon, as well as the Thilawa Special Economic Zone, according to an official from Japan International Cooperation Agency (JICA). Official Development Assistance (ODA) loans are long-term low interest rate loans advanced to developing […]