Myanmar and ADB
In the Spotlight
The Government of Myanmar announced new requirements, developed with assistance from ADB, for assessing the environmental and social impacts of investment projects.
Japan and ADB are supporting a project that aims to scale up incomes and new employment opportunities for small businesses and entrepreneurs selling crafts and local food to tourists and residents in four townships in Mon state—Chaungzon Island, Kyaikto, Mawlamyine and Mudon.
A new ADB report looks at how accessible and affordable electricity can be extended to the poor and disadvantaged in Myanmar.
ADB's Trade Finance Program and Cooperative Bank (CB Bank) today signed an agreement that enables the TFP to provide guarantees of up to $12 million per annum in support of the trade finance operations of CB Bank.
Myanmar is striving for inclusive economic growth and poverty reduction, with strong potential for high growth in the years ahead. The country enjoys abundant natural resources, a strategic location at the crossroads of Asia, and a large, youthful population. Emerging from decades of economic and political isolation, Myanmar represents a sizable market, with wide-ranging investment opportunities.
Since reengaging with Myanmar in early 2012, ADB has prepared comprehensive economic and sector work, while establishing dialogue with the government, civil society organizations, the private sector, and other development partners. ADB built an operational program and prepared an interim country partnership strategy, 2012–2014 for Myanmar, which has been extended to 2016. Lending operations have resumed, and technical assistance grants have been implemented for advisory services, capacity building, and project preparation. In April 2014, ADB established its Myanmar Resident Mission, with offices in Nay Pyi Taw and Yangon.
Projects in Myanmar
- Power Transmission and Distribution Improvement Project
- Irrigation Command Area Development
- Design of e-Governance Master Plan and Review of Information and Communication Technology Capacity in Academic Institutions.
- Capacity Development for Project Implementation
- Economic Empowerment of the Poor and Women in the East-West Economic Corridor