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DVB talks to Kanthan Shankar, World Bank

Kanthan Shankar, the country manager for the World Bank in Burma, talks to DVB Interview International about current World Bank and IFC projects in the country.

World Bank pledges $2bn development aid to Burma

World Bank President Jim Yong Kim announces a $2 billion development aid package to Burma for projects such as healthcare and energy supply.

World Bank approves US$140 million electricity loan for Burma

The World Bank on Tuesday approved a US$140 million interest-free loan to boost electricity access in Burma, where over 70 percent of the population live in darkness.

Kanbawza Bank is country’s highest taxpayer, says Finance Ministry

According to a list of the top 500 taxpayers in Burma, Kanbawsa Bank - with over 2,000 employees - is the highest payer of income tax in Burma, while Myanmar Brewery Ltd pays the most commercial tax.

Central Bank eyes decrease in interest rates

Burma's lending and savings rates are among the highest in the world, but now the Central Bank is weighing up the pros and cons of bringing them in line with international standards.

Parliament approves plan to accept US$260 million loan from World Bank

The 40-year loan – at a fixed 0.75 percent interest rate – would be used to develop the communications sector and to improve schools.

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