Myanmar talking with World Bank, ADB, IMF for funds to rescue economy


The World Bank Group building in Washington DC

May 7 - The Myanmar government is negotiating for aid and assistance from the World Bank, Asian Development Bank (ADB) and International Monetary Fund (IMF) to help it implement a stimulus plan to rescue its virus-hit economy, according to Myanmar Times Thursday.

In a news report quoting U Maung Maung Win, deputy minister of Planning, Finance and Industry, the media outlet said the funds being negotiated for will be used to provide relief to businesses and industries affected by Covid-19.

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