After decades of isolation, Myanmar has started to undertake major reforms toward a democratic system and market-based economy.
ADB resumed operations in Myanmar in 2013, 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.
As part of its phased approach to reengagement with the country, ADB developed an interim country partnership strategy (ICPS) for Myanmar for the period 2012-2014. The ICPS provided the framework for reengagement activities and mandated a highly consultative process to establish the foundation for a full country partnership strategy at the end of the interim period.
The interim strategy supports the government’s development goals and priorities, and addresses the critical development constraints identified by ADB’s preliminary needs assessment of key sectors - transport; energy; agriculture and natural resources; education; and urban development, including water and sanitation. It is also closely aligned with ADB’s Strategy 2020.
ADB has also developed the country operations business plan (COBP) for 2014-2016, which proposes that initial lending and investment grant operations focus primarily on access, connectivity, and infrastructure development.
ADB’s medium-term goal in Myanmar is to assist the government in promoting sustainable and inclusive economic development and job creation in support of poverty reduction.
ADB had not had operations in Myanmar since 1988, although the country, as a member of the Greater Mekong Subregion program, has participated in ADB-assisted regional activities over the last 20 years.