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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Regional

Chinese AI goes next level in geometry at a top US maths Olympiad
Chinese quadriplegic runs farm with just one finger
Hotels allege predatory pricing, forced exclusivity in�Trip.com antitrust probe
DeepSeek technique to improve AI’s ability to ‘read’ long texts questioned by new research
Uber’s quest to crack Japan leads through a rural hot-springs town
Inside China's buzzing AI scene year after DeepSeek shock
OpenAI expects another ‘seismic shock’ from China amid speculation of new DeepSeek release
An app’s blunt life check adds another layer to the loneliness crisis in China
Jailed Chinese AI chatbot developers appeal in landmark pornography case
Singapore, Beijing land in top 10 of Savills’ inaugural Matcha Index of global tech cities

Others Also Read