Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

Promising Future to Improve Australia’s Interest in Myanmar: Chamber

​​ Although Australia’s investment in Myanmar is less than US$130 million, the country has many rooms for improvement to receive the influx of Australian investors thanks to its promising future, said Jodi Weedon, chief executive of Australian-Myanmar Chamber of Commerce Weedon said in a recent interview that Myanmar’s recent political and economic reforms led the […]

IFC signs services agreement for hydroelectric development with Myanmar

World Bank Group member, International Finance Corp., in September signed an advisory services agreement with the government of Myanmar to help improve environmental and social risk management in hydropower projects, according a press release from the IFC. Myanmar has recently approved a new electricity law and is finalizing the procedures for environmental impact assessment. The […]

Driving change in the hydro sector

As readers of IWP&DC will know, there is a need to get hydropower companies into the discussions that shape policy and regulations. Together, says Kate Lazarus, Senior Operations Officer at the International Finance Corporation, we can play a role in driving change in this sector. Hydropower projects in Lao PDR have soared in recent years. […]

Students in Myanmar, Laos to get Australian aid

MELBOURNE: School students in Myanmar and Laos will be getting financial aid from the Australian government. Foreign Minister Julie Bishop announced the aid packages while in the two countries over the past week, a government statement said. Australia will give Laos A$86 million over four years to help about 450,000 children learn to read, write […]