World Bank to invest $2 billion in Myanmar

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yangon power linesOn his first visit to Myanmar, World Bank President Jim Yong Kim on January 26 announced that the World Bank Group plans to invest $2 billion in a multi-year development programme for the country, Xinhua reported.

The plan includes projects to improve access to energy and health care for poor people and support other key government development priorities, Kim was quoted as saying in a press release. He announced the major increase in new financial support at a community health clinic in Yangon where he was joined by the Myanmar Minister of Health Pe Thet Khin. Kim also pledged the funding will help support ongoing reforms in Myanmar.

“We are increasing our support for the huge reform effort underway in Myanmar because we want to help the government bring benefits to poor people even more quickly,” said Kim.

“Our $2 billion multi-year programme will support the government’s plans to deliver universal health care to citizens and to help everyone in the country gain access to electricity by 2030.”

An estimated 75 per cent of Myanmar’s mostly rural population lacks access to quality health care, and high costs place most essential services out of reach for many Myanmar families who live below the poverty line, according to the release.

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Reading Time: 1 minute

On his first visit to Myanmar, World Bank President Jim Yong Kim on January 26 announced that the World Bank Group plans to invest $2 billion in a multi-year development programme for the country, Xinhua reported.

Reading Time: 1 minute

yangon power linesOn his first visit to Myanmar, World Bank President Jim Yong Kim on January 26 announced that the World Bank Group plans to invest $2 billion in a multi-year development programme for the country, Xinhua reported.

The plan includes projects to improve access to energy and health care for poor people and support other key government development priorities, Kim was quoted as saying in a press release. He announced the major increase in new financial support at a community health clinic in Yangon where he was joined by the Myanmar Minister of Health Pe Thet Khin. Kim also pledged the funding will help support ongoing reforms in Myanmar.

“We are increasing our support for the huge reform effort underway in Myanmar because we want to help the government bring benefits to poor people even more quickly,” said Kim.

“Our $2 billion multi-year programme will support the government’s plans to deliver universal health care to citizens and to help everyone in the country gain access to electricity by 2030.”

An estimated 75 per cent of Myanmar’s mostly rural population lacks access to quality health care, and high costs place most essential services out of reach for many Myanmar families who live below the poverty line, according to the release.

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