Myanmar and ADB
In the Spotlight
After decades of isolation, the Southeast Asian nation of Myanmar is roaring ahead with the fasting growing economy in Asia in 2016, according to the Asian Development Bank’s Asian Development Outlook 2016.
Myanmar's positive political developments and structural reform programs will help boost economic growth and investment, says a new Asian Development Bank report.
Historically, South Asia and Southeast Asia were isolated from one another, but increasingly leaders and business operators in both regions are seeing the benefit of greater connections, according to the ADB report, Connecting Asia: Infrastructure for Integrating South and Southeast Asia.
As a new chapter opens in Myanmar, strong economic growth and record investment look set to continue, despite the many challenges to doing business there.
Emerging from decades of economic and political isolation, Myanmar is striving for inclusive economic growth and poverty reduction. The country has strong potential for broad economic expansion, possessing abundant natural resources, a strategic location at the crossroads of Asia, a young population, and a sizable market with wide-ranging investment opportunities. Successful national elections, held in November 2015, represented an important milestone in Myanmar’s transition.
ADB operations in Myanmar are based on an interim country partnership strategy 2012-2016, which focuses on building human resources and capacity, creating an enabling economic environment, and expanding access and connectivity.
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
- Strengthening Civil Society Participation in ADB-Financed Operations
- Support for Education Sector Planning
- Trade Facilitation Support for ASEAN Economic Community Blueprint Implementation (Myanmar)