Published on Saturday, 02 February 2013 22:13
Senior delegates from World Bank led by Jin-Yong Cai, Chief Executive Officer and Executive Vice President of the International Finance Corporation (IFC) will visit Myanmar to meet with the Myanmar President on February 3.
During a three day trip, they will meet President Thein Sein, opposition leader Aung San Su Kyi, Union Ministers, representatives from private sectors and civil organizations.
The World Bank delegates intend to discuss how to assist for improvement of the lives of most effected people in the country and help the reform process.
They also aim at giving financial assistance and technical aids.
On January 23, IFC, a member of World Bank, announced that they established micro-finance institution which can provide loans worth 2 million kyat.
The experts from IFC estimate that a total of US1 billion is required to establish micro finance institutions which can support the economic development in Myanmar.
Now, there are about US2.83 million of loans in the micro finance institution in Myanmar.
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