63360
WB Assists Myanmar Reforms
WB Assists Myanmar Reforms

WB Assists Myanmar Reforms

WB Assists Myanmar Reforms

The World Bank approved a $200 million credit for a macroeconomic stability and fiscal resilience development policy operation, to assist the government of Myanmar in promoting macroeconomic stability and fiscal resilience, Mizzima reported. The new assistance, approved April 27, aims to help Myanmar maintain a stable economy needed for growth and poverty reduction, and increase budget resources for greater access to quality public services. The World Bank-supported program includes reforms that are critical to modernizing economic management and building an effective state. These reforms aim to address challenges such as rising inflation, public debt sustainability, efficiency of government spending, and tax collections. The DPO also provides long-term, concessional financing for critical public investments. “The policy actions that we proposed could help sustain confidence in economic policies as well as reduce poverty and help increase access to public services for Myanmar people including electricity, education and health,” said Kyaw Win, union minister for planning and finance.

 

Short URL : https://goo.gl/nMna2D
  1. https://goo.gl/C0yjN1
  • https://goo.gl/oy2lCC
  • https://goo.gl/xv7E1x
  • https://goo.gl/BuKLSK
  • https://goo.gl/1i0x0P

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus