The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]
Yoma Strategic’s Myanmar project nets funding from International Finance Corp
April 9, 2018 by
THE World Bank Group’s International Finance Corporation (IFC) is taking a stake in a Yoma Strategic Holdings project to power rural communities, the mainboard-listed Yoma Strategic said on Tuesday. The IFC is set to hold a 30 per cent interest in Yoma Micro Power, a joint-venture company that builds, owns and runs solar- and diesel-powered […]
IFC, Australia Back Nationwide Study on Myanmar’s Hydropower
January 19, 2018 by
AS MYANMAR needs more electricity to realise its development goals during the first civilian government’s term, two ministries have been holding a series of discussions until the third week of January to finalise the countrywide strategic environmental assessment (SEA) on hydropower potential by March. The series of discussions started with a stakeholder meeting in Myitkyina, […]
Why Myanmar’s government needs to do more to maintain economic growth
January 15, 2018 by
Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]
IFC, Myanmar Introduce ag Guidelines and Protocol
December 14, 2017 by
YANGON, MYANMAR — The International Finance Corp. (IFC) has partnered with the Department of Agriculture of Myanmar’s Ministry of Agriculture, Livestock and Irrigation (MoALI) to introduce guidelines geared toward improving the productivity and profitability of farmers through sustainable farming. The Good Agricultural Practices (GAP) Protocol and Guidelines specifically cover 15 crops, including rice and peanuts. […]
Myanmar tackles food safety in bid to boost agricultural exports
November 26, 2017 by
MYANMAR plans to improve food safety in a bid to boost agricultural exports and extract more value from a sector that accounts for 38 per cent of the country’s gross domestic product. Ye Tint Tun, director general of the Department of Agriculture, said exports of agricultural products made up 23 per cent of Myanmar’s export […]
IFC injects $13.5 million into local microfinance institutions
June 29, 2017 by
The International Finance Corporation, (IFC), a member of the World Bank Group, has provided a financing package of $13.5 million to various microfinance institutions in Myanmar to support the country’s critical credit demands. The institution has decided to take a $1.5 million stake in Maha Agriculture Public Company (Maha MFI) and extend $6 million in […]
IFC launches its sustainability guidelines in Myanmar language
May 8, 2017 by
Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]
