Myanmar and ADB
In the Spotlight
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.
Modern water supply and wastewater treatment services are paving the way for the transformation of the city of Mandalay in upper Myanmar into a prosperous, green urban center.
A first-hand account of the impact of unprecedented floods and landslides in Chin State, where over 20,000 people were displaced and more than 3800 houses were destroyed.
The Government of Myanmar and ADB signed a $3 million grant agreement to finance relief efforts for communities affected by recent flooding and landslides.
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
- Design of e-Governance Master Plan and Review of Information and Communication Technology Capacity in Academic Institutions.
- Capacity Building Support for Project Identification
- Nationwide Telecommunications Project
- Preparing Youth for the Workplace Sector Development Program
- Transport Sector Reform and Modernization