Quarterly Business Magazine

ADB’s Donor Countries Agreed to Provide US$ 150-200 Million to Aid Myanmar’s Development

Posted :
Tuesday, October 21, 2014

Yangon – According to Asia Development Bank (ADB), donor countries have agreed to provide US$ 150-200 million of aid within four years for the development programs in Myanmar.

From 2013 to 2016, ADB will spend the aid on human resources development, economic development, and infrastructure overhaul in the country.

Currently, ADB has already planned to aid US$ 12 million on rural development in 96 villages in six townships in the delta, Mandalay Region, and Shan State.

The bank has also proposed to spend US$ 12 million on rural development programs and US$ 3 million on women empowerment and poverty alleviation in Kayin State.

ADB has been providing assistance to the country’s sectors in need such as energy, transportation, education, urban and rural development, and private sector development. According to the bank’s country director, ADB has been giving Myanmar US$ 10 million per year for technology assistance and is planning to increase its support from 2017 to 2021.

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