ADB is supporting Myanmar’s efforts to improve macroeconomic policy institutions, enhance transparency and integrity in tax administration, strengthen public financial management, improve the business climate, and liberalize trade. The program will also help increase the access of rural and small and medium-sized enterprises to finance and trade, and revitalize the education system.
|Project Name||Support for Myanmar's Reforms for Inclusive Growth|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
Private sector development
|Sector / Subsector||
Public sector management - Economic affairs management
|Gender Equity and Mainstreaming|
|Description||The policy-based loan will support Myanmar's re-engagement with global markets through key reform priorities aimed at generating broad-based, sustainable and inclusive economic growth. The reform priorities include transformational changes to macroeconomic policy institutions, first steps to enhance transparency and integrity in tax administration and public financial management (PFM) for better service delivery, business climate reforms, and trade liberalization. Reform priorities also include efforts to provide the foundation for promoting inclusive growth through human capital development and initiating market-based incentives for raising farm productivity and incomes.|
|Project Rationale and Linkage to Country/Regional Strategy||The government has made re-engagement with the global community a central tenet of its reform program. This re-engagement has come about in the context of economic reforms precipitated by historic political reforms including steps towards more democratic political institutions. Initiating a framework for a more permanent peace in subnational conflict regions is also central to the government's political and economic reforms.|
|Impact||Improved inclusive growth|
|Description of Outcome||Strengthened policy frameworks in selected sectors (macro, trade, finance, investment, agriculture, education)|
|Progress Toward Outcome|
|Description of Project Outputs||
1. Fiscal sustainability and macro economic stability improved
2. Investment, trade and financial sector integration improved.
3. Rural development for inclusive growth stimulated
|Status of Implementation Progress (Outputs, Activities, and Issues)|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design||The design of the PBL and P3F reflect the unique features of Myanmar's re-engagement with ADB, Government of Japan (GOJ), IMF, World Bank and other major development partners in two respects. First, the proposed PBL, in addition to the GOJ policy loan and WB's development policy operation (DPO) support the government's re-engagement program after debt arrears have been cleared with development partners thereby allowing for full resumption of operations. Second, as expected in the early stages of re-engagement, the government's reform agenda is still crystallizing and the benefits are only likely to show up in the medium to long term.|
|During Project Implementation||The policy-based loan covers policy reform accomplishments from August 2011 to December 2012. The P3F covers measures to be implemented from January 2013 to December 2014, which is aligned to the interim CPS period. MOFR will be the executing agency for the PBL and will be responsible for the overall coordination of the P3F and medium-term results framework. It has set up a PBL Steering Committee to oversee coordination and would meet on a quarterly basis.|
|Responsible ADB Officer||Hauber, Grant|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, SERD|
Ministry of Planning and Finance
Building No 26. Nay Pyi Taw
Republic of the Union of Myanmar
|Concept Clearance||16 Aug 2012|
|Fact Finding||10 Sep 2012 to 14 Sep 2012|
|MRM||05 Oct 2012|
|Approval||14 Jan 2013|
|Last Review Mission||-|
|Last PDS Update||30 Sep 2013|
|Approval||Signing Date||Effectivity Date||Closing|
|14 Jan 2013||14 Jan 2013||17 Jan 2013||31 Mar 2013||-||18 Jan 2013|
|Financing Plan||Loan Utilization|
|Total (Amount in US$ million)||Date||ADB||Others||Net Percentage|
|Project Cost||575.50||Cumulative Contract Awards|
|ADB||575.50||14 Jan 2013||511.53||0.00||100%|
|Cofinancing||0.00||14 Jan 2013||511.53||0.00||100%|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Support for Myanmar's Reforms for Inclusive Growth Program: Program Completion Report||Project/Program Completion Reports||Jul 2015|
|Support for Myanmar's Reforms for Inclusive Growth: Project Data Sheet (Myanmar Language Translation)||Translated PDS||Oct 2013|
|Loan Agreement (Special Operations) for the Support for Myanmar's Reforms for Inclusive Growth Program||Loan Agreement (Special Operations)||Jan 2013|
|Support for Myanmar's Reforms for Inclusive Growth Program||Reports and Recommendations of the President||Dec 2012|
|Support to Myanmar Reforms for Inclusive Growth||Initial Poverty and Social Analysis||Jul 2012|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
|Title||Document Type||Document Date|
|Myanmar: Support for Myanmar’s Reforms for Inclusive Growth Program||Validations of Project Completion Reports||Dec 2016|
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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