fbpx Myanmar: In-Depth | Asian Development Bank

Myanmar and ADB

ADB has temporarily put on hold sovereign project disbursements and new contracts in Myanmar effective 1 February 2021. ADB is closely monitoring the situation in Myanmar and remains committed to supporting its people.

ADB's Work in Myanmar   Download Country Brief

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.

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.

Nonsovereign operations. Total outstanding balances and undisbursed commitments of ADB’s nonsovereign transactions in Myanmar as of 31 December 2021 were $702.49 million representing 5% of ADB’s total private sector portfolio.

Operational challenges. Myanmar faced significant development challenges including deficits in infrastructure and human, challenges in maintaining macroeconomic and fiscal stability, and the need to accelerate reforms. These challenges have been exacerbated by the pandemic, political uncertainties, and global economic shifts. ADB has temporarily put on hold sovereign project disbursements and new contracts in Myanmar effective 1 February 2021. The bank is closely monitoring the situation in Myanmar and remains committed to supporting the people of Myanmar.

A local market in Nyaung Shwe does business for most of the day. Traditional markets like this remain part of daily life throughout Myanmar. Photo: ADB

COVID-19 Response

The coronavirus disease (COVID-19) pandemic and associated restrictions have adversely impacted major sectors of Myanmar’s economy. Both investment and consumption declined sharply, and trade disruptions and mobility restrictions hampered business operations, especially manufacturing sectors. ADB supported Myanmar in mitigating the health, social, and economic impacts of the COVID-19 pandemic. The path to recovery will be challenging, given uncertainties in the global economic outlook and the political uncertainties that Myanmar faces.

Knowledge Work

To improve the quality and efficiency of knowledge services, the bank provided knowledge support to Myanmar primarily through economic, sector-related, and technical assistance operations.

ADB collaborated with key development partners in Myanmar, particularly in the areas of infrastructure, macroeconomic management, private sector development, and human capital development. ADB actively participated in the Cooperation Partners Group and engaged in regular dialogue with other development partners. ADB also engaged with selected development partners in joint country portfolio review dialogue.

This article was originally published in the ADB and Myanmar: Fact Sheet. Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.

Shareholding and Voting Power

Number of Shares Held
57,810 (0.54% of total shares)

Votes
96,924 (0.73% of total membership, 1.12% of total regional membership)

*Overall capital subscription
$809.1 million

*Paid-in capital subscription
$40.48 million

* United States dollar figures are valued at rate as of 31 December 2021.

Contacts

Nay Pyi Taw Office
Park Royal Hotel, Gangaw Villa
13/14 Hotel Zone, Dekhina Thiri Township
Nay Pyi Taw, Myanmar
  Tel: +95 67 8106280-86
  Fax: +95 67 3407563

Yangon Office
Union Business Center, Room 0405, 4th Floor
Nat Mauk Road, Bo Cho Quarter, Bahan Township
Yangon, Myanmar
  Tel: +95 1 543426
  Fax: +95 1 8603439

Financing Partnerships

Financing partnerships enable ADB’s partner governments or their agencies, multilateral institutions, and private organizations to participate in ADB projects. The additional funds may be in the form of loans and grants, technical assistance, and nonsovereign cofinancing.

Cumulative cofinancing commitments in Myanmar:

  • Sovereign cofinancing: $1.84 billion for 19 investment projects and $79.97 million for 44 technical assistance projects since 1973
  • Nonsovereign cofinancing: $385.34 million for 5 investment projects since 2012

Latest on Myanmar

ADB Statement on New Developments in Myanmar

10 Mar 2021 | News Release

ADB Statement on New Developments in Myanmar

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.

Preparing Southeast Asia’s Youth to Enter the Digital Economy

15 Jul 2022 | Blog Entry

Preparing Southeast Asia’s Youth to Enter the Digital Economy

The pandemic erased millions of jobs in Southeast Asia. But the digital economy offers renewed hope particularly for young job-seekers—if they can learn the necessary skills.

Turbulent Remittance Flows During the Pandemic Highlight the Need for Reforms

21 Jun 2022 | Blog Entry

Turbulent Remittance Flows During the Pandemic Highlight the Need for Reforms

Despite the global economic turmoil, remittances remained remarkable resilient during the pandemic. Reforms are needed to keep this financial lifeline strong in the years ahead.

Your Questions Answered: What Jobs Can Be Done from Home?

17 May 2022 | Blog Entry

Your Questions Answered: What Jobs Can Be Done from Home?

An ADB economist who specializes in the areas of education, skills development and jobs, answers questions about which jobs are best suited to work-from-home arrangements, based on a recent study in Southeast Asia.