BUSINESS – Germany pledges $27m for development in Burma

Germany has pledged US$27 million to facilitate development in Burma, according to state media. Approximately $5.5 million of these funds are earmarked for infrastructure programs in Shan State, such as improving transportation in rural areas to ensure people are able to access markets, schools and hospitals. Other funded projects will include development of banking systems, boosts for small and medium sized enterprises, and sustainable mining practices.