The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
The World Bank on Thursday announced a new funding package for Burma, in it’s first full framework for the country since 1984.
DVB Interview International’s Alex Bookbinder sits down with Burma chief Abdoulaye Seck, to discuss how the World Bank has progressed since its 2012 reengagement with the Burmese government.
The price of rice in Burma has increased by 41 percent in four years, much higher than rivals Thailand and Cambodia. This has led to a decrease in Burmese rice exports and food security at home.
The World Bank has called for reforms in the sectors of land and skilled workers, as well as the upgrade of electricity, as prime motivators in attracting investment and financial aid to Burma. The World Bank reportedly conducted field trips to businesses in Rangoon, Mandalay, Monywa, Taunggyi and Pegu last summer and held meetings with …