Yangon to upgrade public infrastructures, drainage system with World Bank’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]

World Bank has committed over $2b in Myanmar as of June

The World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and over $2 billion are in Myanmar, with the remaining […]

World Bank Appoints New Director for Myanmar, Cambodia and Lao PDR

The FINANCIAL — The World Bank has appointed Ellen Goldstein as its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity.  For the first time, the World […]