ADB, Japan to provide US $12 million for poverty reduction in Myanmar

YANGON—The Asian Development Bank (ADB) and Japan are extending grant assistance of US $12 million (Ks 11.8 billion) for a community-driven project that will free some of Myanmar’s poorest rural communities from a vicious cycle of low-income poverty and minimal opportunities, according to a bank official. “This investment in rural infrastructure and livelihoods services will […]

ADB to loan $60m to improve energy sector

Bank says that poor infrastructure is resulting in a high level of electricity losses, while upgrades are necessary Nearly one-fifth of electrical power is lost before it reaches consumers because of ageing infrastructure, said the Asian Development Bank (ADB), which announced last week it will lend Myanmar US$60million to improve the electricity distribution system in […]