BUSINESS— Germany's KfW and GIZ pledge €27 million for development

German development bank KfW and the German Agency for International Cooperation (GIZ) opened offices in Rangoon on Thursday, The New Light Of Myanmar reported on Friday. GIZ will invest seven million euros in rural development in Burma, of which five million euros will be reserved for upgrading roads in Shan State. German bank KfW, will also invest 20 million euros on human resource development courses, along with development of rural sector, infrastructure and transport.