World Economy

WB Assists Myanmar Reforms

WB Assists Myanmar ReformsWB 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.


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