Mayor Says Yangon Lacks Funds for Flood Works, Awaits $125m Loan

Yangon is unable to implement large-scale flood mitigation strategies due to a lack of funds, and heavy downpours during the monsoon season are causing havoc for the city’s nearly 5 million people. The Yangon City Development Committee said that flood mitigation work would start as soon as they get a US$125 million (K169.3 billion) loan […]