World Bank to invest $2 billion in Myanmar

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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