POST Online Media Lite Edition


Myanmar to receive $400 million from World Bank for rural communities

Staff writer |
Myanmar will receive an additional $400 million financial support from the World Bank Group for poor rural communities in the country.

Article continues below

Under the ongoing Myanmar National Community Driven Development Project (NCDDP), the financial aid will be used in repair and construction of more health centers, schools, roads and drinking water systems which will benefit 7 million rural population across 62 townships, the release said.

"These additional funds will help to transform the way rural development works. They will empower and motivate communities, by putting people in charge of how to manage community development resources," said U Ohn Myint, Minister for the Ministry of Livestock, Fisheries and Rural Development.

"Myanmar's Community Driven Development Project has financed more than 350 sub-projects to improve people's lives in remote rural communities," said Ulrich Zachau, Country Director for the World Bank for South East Asia.

What to read next

Myanmar, Germany sign agreement on debt relief
Myanmar set to increase FDI by 10% to $3 billion
Myanmar parliament approves $264.5 million for AIIB