BUSINESS - Aid for Burma quadrupled in May

Burma received a total of about US$480 million in international aid and loans during the month of May — four times the amount received in April — according to data released by the Myanmar Peace Centre. The amount includes several newly implemented programmes, such as a $300m loan from China for transportation upgrades and $100m in aid from the World Bank for the education sector. An additional $55m from the International Monetary Fund will go towards the finance sector, while $12m from UNICEF has been allocated for child welfare programmes in Arakan State.