World Bank Pledges Ongoing Development Support for Burma

RANGOON — The World Bank’s vice president for East Asia and the Pacific pledged to continue development support for Burma, according to a statement released on Monday following a meeting in Naypyidaw with Aung San Suu Kyi. In the statement, Axel van Trotsenburg reaffirmed the World Bank’s strong partnership with Burma as it endeavors to […]

World Bank approves $140 million for Myanmar electricity

WASHINGTON – The World Bank’s board on Tuesday approved a $140 million interest-free loan to fund a more efficient power plant in Myanmar, as the bank seeks to support reforms in the Southeast Asian country. The World Bank has stepped up its engagement with Myanmar, which is rich in resources but underdeveloped after decades of […]