The Asian Development Bank says it will lend US$350 million to Burma next year, more than doubling the amount for this year, as the country begins to focus on major infrastructure projects.
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A US$80 million loan agreement has been signed between the Asian Development Bank and the Burmese government, with an aim to improve road infrastructure to support economic development in the[…]
The Asian Development Bank (ADB) on Thursday submitted a report highlighting the possibility of Burma reaching an annual average gross domestic product (GDP) growth of 9.5 percent by 2030. The[…]
The Asian Development Bank is to provide an additional US$2 million to encourage the Burmese Ministry of Agriculture and Livestock to harness renewable energy sources. The technical assistance project will[…]
Speaking with Burmese President Thein Sein on 4 April, Takehiko Nakao, president of Asian Development Bank (ADB), praised the social and economic reforms in the country and reaffirmed ADB’s support[…]
A signing ceremony on a US$60m loan pledged by the Asian Development Bank (ADB) for electricity development in Burma was held in Naypyidaw on Monday, according to a ministry official.[…]