No Fresh ADB Funding for Burma

Burma will not get fresh financial assistance from the Asian Development Bank any time soon, the regional lender told Mizzima. ADB has joined annual International Monetary Fund missions to the Asian country but clarified that it has no plans to provide new assistance. The bank did say it will continue monitoring the country’s economic situation and advise the government regarding poverty reduction.

About the author

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    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.