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IFC, UMFCCI work to improve food safety in Myanmar

IFC, a member of the World Bank Group, signed an agreement with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to help food sector companies address and improve food safety practices. Another goal is to develop the country’s agribusiness sector to increase exports, draw investments, and generate jobs. According to IFC, […]

Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

IFC Myanmar investment to rise to $1 bln in three years

Dec 12 (Reuters) – Investment by the International Finance Corporation (IFC) in Myanmar is expected to rise to $1 billion over the next three years as it supports the development of the private sector, the backbone of growth and job creation, it said on Friday. “Building business-enabling infrastructure and expanding access to finance are critical […]