World Bank’s US$100 million credit to Myanmar continues hydroelectric infrastructure development in Irrawaddy River Basin

Some of the 20 planned hydropower plants for Myanmar (formerly Burma), which is located in South East Asia, will be constructed within the Irrawaddy (Ayeyarwady in Burmese) River Basin, according to the Government of the Republic of the Union of Myanmar Ministry of Electric Power (MOEP). Myanmar has numerous hydroelectric projects in development, but last […]

World Bank unit links up with Yoma Bank

The International Finance Corporation, the World Bank’s private-sector investment arm, has agreed to provide Yoma Bank Ltd with a US$5 million convertible loan and help improve its risk management and corporate governance to support its growth strategy, the IFC said on September 16. It said its loan would help Yoma Bank expand lending to small […]