The loan, to be distributed through the Mya Sein Yaung micro-finance scheme, will be used to support businesses and livelihoods in 401 villages.
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
The latest report in a multi-stage review highlights opportunities but emphasises the need for swift reform to fix skills-gap and develop financially.
Sumitomo Mitsui Banking Corporation is currently conducting a survey to assess which SMEs will be eligible for government loans to help their businesses.
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.
Burma’s Livestock and Fisheries Ministry issued a warning last week to ten private agro firms and ordered them to repay billions of kyat in loans by 31 August or face…