ADB Approves $21.02 Billion in Financing in 2013

The substantial lending volume reflects Asia’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. Read More

Small Bite, Big Threat: Vector-Borne Diseases in Asia

On World Health Day 2014, we focus on vector-borne diseases like dengue and malaria that are threatening the lives of millions across Asia and the Pacific. Read the transcript. Read More

Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Overview

Myanmar embarked on a path of political and economic reforms in 2011, paving the way for developing the country’s large potential.

According to a 2012 ADB study, Myanmar could follow Asia’s fast growing economies and expand at 7% to 8% a year, become a middle income nation, and triple per capita income by 2030 if it can surmount substantial development challenges by further implementing across-the-board reforms.

In 2013, ADB resumed operations in Myanmar, with an assistance package for social and economic development that is designed to build a solid foundation for further reforms to alleviate poverty and foster growth.

Fast Facts

61.12 (2012)
Population in millions

1.1% (2010–2012)
Annual population growth rate

25.6% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
316.10 / 27.10
Agriculture (15)
 
86.80 / 7.44
Energy (5)
 
20.00 / 1.71
Finance (2)
 
63.10 / 5.41
Health (2)
 
26.40 / 2.26
Industry and Trade (3)
 
575.50 / 49.34
Public Sector (1)
 
42.50 / 3.64
Transport and ICT (2)
 
35.96 / 3.08
Water Supply (4)
 
1,166.36 / 100.00
TOTAL (34)
Cumulative as of 31 December 2013