The World Bank estimates Burma’s economic growth rate at 8.5 percent for 2014 and 2015, a figure higher than any other nation it surveyed, including China.
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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[…]
The UK has signed an MoU with the Asian Development Bank to provide technical assistance worth $US 1.7 million to help Burma achieve its electricity needs, the British embassy has[…]
As Burma’s economy steadily grows, a higher percentage of Rangoon’s population are finding themselves with more cash to spend.
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[…]
Burma is in debt to international institutions and foreign governments to the sum of $US9.5 billion as of the end of this fiscal year, according to Minister of Finance Dr[…]
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.[…]