- ASEAN Economic Community Workshop held in Myanmar
- Vietnam-Myanmar economic seminar in Yangon
- Investment commission approves 33 companies in first quarter
- Gold price slumps in Myanmar
- US Dollar hikes but temporarily, Central Bank says
- Myanmar hardwoods to be exported to EU only in 2015
- Thai cement imported via Myawady Border
- Import license requirements dropped for about 600 goods
- Myanmar makes potential surveys for transport development with JICA assistance
- Myanmar’s low-cost SIM card reaches 500,000 kyats
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.