Myanmar and ADB
In the Spotlight
Until 2011, Myanmar was one of the world’s most isolated economies. Today, it is one of Asia’s fastest-growing economies and ADB is an active partner in this renaissance.
ADB’s Trade Finance Program (TFP) provides guarantees and loans to banks to support trade. ADB Investment Specialist Janet Hyde discusses latest developments in TFP’s work in Myanmar.
Myanmar’s growth should accelerate this year and the next, driven by a firming recovery in the major industrial economies and the government’s continued reforms, says a new ADB report.
ADB and the Government of Myanmar have agreed to partner up in promoting public-private partnerships (PPP) in the transport sector. ADB will provide strategic and transaction advisory services to support the Government of Myanmar’s bid to identify and develop transport projects through PPPs.
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 focuses on building human resources and capacity, creating an enabling economic environment, and expanding access and connectivity.
Myanmar is a member of the Greater Mekong Subregion (GMS).
Read the ADB and Myanmar fact sheet.
Projects in Myanmar
- Preparing the Second Mandalay Urban Services Improvement Project
- Support for Strengthening Business Climate
- Greater Mekong Subregion East-West Economic Corridor Highway Development
- Strengthening Climate and Disaster Resilience of Myanmar Communities
- Irrigated Agriculture Inclusive Development Project