Myanmar and ADB
In the Spotlight
ADB conducted consultations in Mandalay, Nay Pyi Taw, and Yangon in Myanmar to learn more about the challenges cities are facing in the midst of rapid urbanization and to discuss measures that could make them more inclusive.
To spur economic expansion, Myanmar needs around $60 billion in investments until 2030 to modernize roads and rail systems.
To maintain momentum and further build investor confidence in the country, a clear and stable legal framework for company affairs is needed to show that the new Myanmar is now open for business.
Myanmar is undergoing a transport renaissance with new highways, railways, river and urban transport systems being built. Leaders and communities are working to develop the most efficient systems that drive the economy with the least harm to the environment.
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.
Read the ADB and Myanmar fact sheet.
Projects in Myanmar
- Power Network Development Project
- Emergency Support for Chin State Livelihoods Restoration Project
- Capacity Development for Project Implementation
- Economic Empowerment of the Poor and Women in the East-West Economic Corridor
- Strengthening Law, Regulation, and the Legal Profession for a Better Investment Climate
- Enhancing the Power Sector's Legal and Regulatory Framework
- Design of e-Governance Master Plan and Review of Information and Communication Technology Capacity in Academic Institutions.
- Support for Myanmar's Reforms for Inclusive Growth
- Strengthening Civil Society Participation in ADB-Financed Operations
- Capacity Building Support for Project Identification