ADB President reconnects with Myanmar

Asian Development Bank President Haruhiko Kuroda

Asian Development Bank President Haruhiko Kuroda is meeting Myanmar President Thein Sein in Naypyitaw, the nation’s capital, on February 7, marking the first visit from a multinational development bank since arrears worth 60 per cent of Myanmar’s foreign debt were cleared in January.

The visit is by President Kuroda also is one of the first initiatives by the Asian Development Bank (ADB) to resume full operations with Myanmar, and follows a $512-million policy-based loan issued to the indebted Southeast Asian nation in January. The loan will be used towards social and economic projects.

The ADB will aim to work towards policies that engender job creation and sustainable and inclusive economic growth in line with a medium-term strategic developmental plan.

“ADB will focus on continued analytical work and capacity building in the areas of public sector and macro-economic management, education, trade and private sector development, rural development, transport and energy infrastructure,” according to the ADB website.

The ADB’s strategic developmental plan is made to work inline with the reformist government’s democratic progression.

President Kuroda will give a speech on February 8, also in Naypyitaw.

 

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Asian Development Bank President Haruhiko Kuroda

Asian Development Bank President Haruhiko Kuroda is meeting Myanmar President Thein Sein in Naypyitaw, the nation’s capital, on February 7, marking the first visit from a multinational development bank since arrears worth 60 per cent of Myanmar’s foreign debt were cleared in January.

Asian Development Bank President Haruhiko Kuroda

Asian Development Bank President Haruhiko Kuroda is meeting Myanmar President Thein Sein in Naypyitaw, the nation’s capital, on February 7, marking the first visit from a multinational development bank since arrears worth 60 per cent of Myanmar’s foreign debt were cleared in January.

The visit is by President Kuroda also is one of the first initiatives by the Asian Development Bank (ADB) to resume full operations with Myanmar, and follows a $512-million policy-based loan issued to the indebted Southeast Asian nation in January. The loan will be used towards social and economic projects.

The ADB will aim to work towards policies that engender job creation and sustainable and inclusive economic growth in line with a medium-term strategic developmental plan.

“ADB will focus on continued analytical work and capacity building in the areas of public sector and macro-economic management, education, trade and private sector development, rural development, transport and energy infrastructure,” according to the ADB website.

The ADB’s strategic developmental plan is made to work inline with the reformist government’s democratic progression.

President Kuroda will give a speech on February 8, also in Naypyitaw.

 

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