Myanmar and ADB
This report shows why Southeast Asian countries need to prioritize core sectors ranging from tourism to digital trade as they hammer out policies to boost post-COVID-19 recovery and secure a greener future.
ADB remains deeply concerned about recent developments in Myanmar and will continue to consult with shareholders and other stakeholders on any operations in the country.
The fragile and conflict-situations and small island developing states approach presents ADB's new way of doing business in its most vulnerable members, which are at further risk because of the COVID-19 crisis.
The Asian Development Bank remains deeply concerned about recent developments in Myanmar, especially the loss of life during civil protests. These events will have a serious impact on the country’s economic and social development.
Myanmar became an ADB member in 1973. ADB supported the country’s national strategies and priority programs in collaboration with other development partners to establish a stronger foundation for sustainable economic growth and poverty reduction. ADB reengaged with the country in early 2012. Since the reengagement, ADB had provided multiple assistance packages mainly to support improvements in agriculture, human capital, and rural development; energy; and transport.
ADB had committed 120 public sector loans, grants, and technical assistance totaling $3.7 billion to Myanmar. Cumulative loan and grant disbursements to Myanmar amount to $2.18 billion. These were financed by regular and concessional ordinary capital resources, the Asian Development Fund, and other special funds. ADB’s ongoing sovereign portfolio in Myanmar includes 18 loans and 2 grants worth $2.44 billion.
Asia Environmental Partners II is a $300 million regional fund focused on growth opportunities in renewable energy, waste management and recycling services, water management, energy efficiency, pollution control, and low-carbon consumer products in the People’s Republic of China, India, and Southeast Asia.
ADB started reengagement in Myanmar in early 2012 and formally established its Myanmar Resident Mission (MYRM) in April 2014, with offices in Nay Pyi Taw and Yangon. MYRM provides the primary interface for ADB operations between ADB and government, the private sector, civil society stakeholders, and other development partners. MYRM engages in policy dialogue, country strategy development and programming, portfolio management, and knowledge management.
ADB in Myanmar aims to promote inclusive and sustainable economic growth with focus on infrastructure (transport, energy, and urban development); education and training; and agriculture and rural development. ADB also focuses on capacity development and governance, private sector development, environment, climate change and disaster risk management, and regional integration, gender equity, context sensitivity, and knowledge solutions.
The Myanmar government agency handling ADB affairs is the Ministry of Planning and Finance.
The Myanmar Resident Mission will be closed on these dates:
Last updated: 24 May 2022