World Bank: A Change of Heart on Myanmar?

The World Bank is exploring the possibility of lifting its funding ban against Myanmar. The bank’s assistance to the country has been frozen for more than two decades over the clampdown of democracy movement there.

James Adams, World Bank vice president for east Asia and the Pacific, travelled to Myanmar with representatives of the Asian Development Bank, with the goal of looking at “possible future analytical work that could have a positive development impact for the people.”

But Adams expects the renewed aid to be limited to technical support for projects in the Asian nation.

“The World Bank has not provided financing to the government of Myanmar since 1987 and we have made clear to government, shareholders and development partners that we have no intention of doing so under current circumstances,” Adams told the Financial Times.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.