• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • In the news: Myanmar

    From World Bank: New strategy, grant for Myanmar

    Following the Asian Development Bank’s lead, the World Bank now has a provisional strategy to guide its work in Myanmar. The U.S.-based lender also approved $80 million in new financing for the country.

    By Ivy Mungcal // 02 November 2012

    Related Stories

    Devex Newswire: EIB president unveils new €10B strategy at World Bank-IMF meetings
    Devex Newswire: EIB president unveils new €10B strategy at World Bank-IMF meetings
    Is ADB still Asia and the Pacific’s ‘climate bank’?
    Is ADB still Asia and the Pacific’s ‘climate bank’?
    AIIB turns 10: Is there trouble ahead for the China-backed bank?
    AIIB turns 10: Is there trouble ahead for the China-backed bank?
    At World Bank meetings, a push for UN-led ‘just transition’ framework
    At World Bank meetings, a push for UN-led ‘just transition’ framework
    A street market in Yangon, Myanmar. The World Bank has a new strategy for its work in the Asian country. Photo by: Stefan Munder / CC BY

    Following the Asian Development Bank’s lead, the World Bank now has a provisional strategy to guide its work in Myanmar. The U.S.-based lender also approved $80 million in new financing for the country.

    Like the ADB’s interim plan for Myanmar, the strategy endorsed Nov. 1 by the World Bank Group does not include loan financing. Instead, it commits the World Bank to providing technical assistance and policy advice in three areas: public financial management, regulatory reform and private sector development. The strategy covers the bank’s group for the next 18 months.

    The World Bank and ADB would only resume full operations, including loans, in Myanmar once the country clears its arrears with the banks.

    The World Bank did approve an $80 million grant for the National Community Driven Development Project. Covering 15 towns across Myanmar, this project will fund community-identified infrastructure investment, build the capacity of local authorities and communities to identify, design and implement projects, and facilitate stakeholder participation through the entire project cycle. Myanmar’s Department of Rural Development at the Ministry of Border Affairs will serve as implementing agency while the Foreign Aid Management Working Committee will be the steering committee of the project.

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

    • Banking & Finance
    • Funding
    • Infrastructure
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    Devex NewswireDevex Newswire: EIB president unveils new €10B strategy at World Bank-IMF meetings

    Devex Newswire: EIB president unveils new €10B strategy at World Bank-IMF meetings

    Climate FinanceIs ADB still Asia and the Pacific’s ‘climate bank’?

    Is ADB still Asia and the Pacific’s ‘climate bank’?

    MDBsAIIB turns 10: Is there trouble ahead for the China-backed bank?

    AIIB turns 10: Is there trouble ahead for the China-backed bank?

    World Bank annual meetings 2025At World Bank meetings, a push for UN-led ‘just transition’ framework

    At World Bank meetings, a push for UN-led ‘just transition’ framework

    Most Read

    • 1
      How local entrepreneurs are closing the NCD care gap in LMICs
    • 2
      Exclusive: World Bank president announces restructuring in staff email
    • 3
      Opinion: Health at the crossroads — a call to action for global leaders
    • 4
      Major foundation pauses grants to US, citing unclear policy changes
    • 5
      Uncertainty ‘new normal’ as World Bank, IMF meet amid aid cuts, discord
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement