Myanmar can potentially grow at 8%: WB

India may not be the only growth story in the midst of a global economic slowdown. According to the World Bank, Myanmar’s economy has the potential to grow rapidly, up to around 8 per cent per year in real terms over the next 5 years. With the right policy choices, a growing economy can provide […]

World Bank approves $560 million loan for Myanmar’s power plan

YANGON (REUTERS) – The World Bank has approved US$400 million (S$560 million) in interest-free credit to support Myanmar’s moves to boost electricity access across one of Asia’s poorest and least-connected countries. The loan provided by the bank’s International Development Association (IDA) covers financing and technical assistance for a National Electrification Plan, which seeks to power […]

World Bank gives $31.5m for telecoms

The World Bank will provide a US$31.5 million credit toward reforming Myanmar’s telecommunications sector by expanding access and making usage more affordable, it announced on February 6. According to a press release, the project will enable a competitive telecoms sector through regulatory reforms to be made in the development of the information, communication and technology […]

Big Year for Myanmar Economic Reforms

: Myanmar’s parliament reconvened on January 13 with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. One thing was abundantly clear, 2014 is going to be a busy year. The stage for continued economic reform […]

World Bank bullish on growth picture in Myanmar

MYANMAR has achieved a high economic growth rate of 6.5 per cent this year and the momentum is expected to continue building in the next few years, according to the Word Bank. “In our view the Myanmar economy is doing very well. Myanmar has strong economic growth prospects. It has grown by 6.5 per cent […]