Senior delegates from World Bank
led by Jin-Yong Cai, Chief Executive Officer and Executive Vice
President of the International Finance Corporation (IFC) will visit
Myanmar to meet with the Myanmar President on February 3.
During a three day trip, they will meet
President Thein Sein, opposition leader Aung San Su Kyi, Union
Ministers, representatives from private sectors and civil organizations.
The World Bank delegates intend to
discuss how to assist for improvement of the lives of most effected
people in the country and help the reform process.
They also aim at giving financial assistance and technical aids.
They also aim at giving financial assistance and technical aids.
On January 23, IFC, a member of World
Bank, announced that they established micro-finance institution which
can provide loans worth 2 million kyat.
The experts from IFC estimate that a
total of US1 billion is required to establish micro finance institutions
which can support the economic development in Myanmar.
Now, there are about US2.83 million of loans in the micro finance institution in Myanmar.
source: Eleven Myanmar
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