For the first time in 25 years the World Bank has approved a grant for Burma and developed a strategy for helping the government improve its economic management.
The bank issued a statement Thursday saying the $80 million grant is for infrastructure projects in poor rural areas.
World Bank president Jim Yong Kim said he is pleased by reforms that have been taking place in Burma and encourages the government to continue to push forward with their efforts.
The bank closed its Rangoon office in 1987 and halted new lending after the then-ruling military stopped making payments on debts worth hundreds of millions
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
Will Myanmar’s coup help China influence ASEAN?
The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.
Thailand bans arrivals from 8 African countries
The World Health Organization (WHO) has declared the new coronavirus variant to be “of concern” and named it Omicron. The...
Advance booking for Thailand national park visits extended to 60 days
Bangkok, 23 November, 2021 – The Tourism Authority of Thailand (TAT) would like to advise that tourists can now preregister...
China Sustains Huge Ecommerce Development Investment Flows into ASEAN
What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and...
Bangkok Airways resumes Phuket – U-Tapao and Samui – U-Tapao routes in December 2021
Bangkok, 24 November, 2021 – Bangkok Airways has announced that it will resume two more of its domestic services which...
Why Vietnam is Forecast to be the Fastest Growing Internet Economy in Southeast Asia
Since the beginning of the pandemic, customer demand for online purchases has increased dramatically. More than 70 percent of Vietnam’s...