DVB talks to Vikram Kumar, IFC

Vikram Kumar, the Resident Representative for the International Finance Corporation (IFC) in Myanmar, spoke to DVB Interview International’s Alex Bookbinder about IFC investments in Yoma Bank and Shangri-La hotels. The IFC, which is part of the World Bank Group, are financing several major infrastructure projects in Myanmar. One major investment is US$75 million in funds […]

ADB to assist on poverty alleviation and HIV prevention projects

Asia Development Bank (ADB) has signed an agreement with the Myanmar government, with cash funding provided by the Japanese government, to carry out poverty alleviation and HIV prevention projects for rural people, according to bank officials. “The cash assistance for the livelihood of rural people is aimed at poverty reduction and community-based development,” said Putu […]