The Bago-Kyaikto expressway will link to the Yangon-Mandalay highway (in picture). Photo by ALwinDigital (CC BY-NC-ND 2.0).

$484 Million ADB Loan to Fund New GMS Expressway in Myanmar

The Asian Development Bank (ADB) has approved a $483.8 million loan to build a 64-kilometer (km) expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar and support economic development along the Greater Mekong Subregion (GMS) East–West Economic Corridor.

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Passengers at the Yangon Myanmar Railway Station in Yangon, Myanmar. Photo by ADB.

$30 Million ADB Loan to Scale Up Myanmar’s COVID-19 Health Response

The Asian Development Bank (ADB) has approved a $30 million loan to boost Myanmar’s response to the coronavirus disease (COVID-19) pandemic, especially in areas with a high minority population but inadequate access to health care and other essential services.

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Myanmar State Counselor Daw Aung San Suu Kyi makes a keynote address at the virtual Myanmar-Japan Forum via a video clip on 29 July 2020. Photo: MNA via GNLM

Myanmar Highlights Job Creation Potential of New Special Economic Zone

The Myanmar Government unveiled plans to develop a bigger and better connected special economic zone (SEZ) located in Mon State at a virtual Myanmar-Japan Investment Dialogue held on 29 July 2020. The strategically located SEZ will connect both the Indian Ocean and Pacific Ocean, and the Thilawa SEZ in Myanmar to Viet Nam’s Da Nang SEZ via the Greater Mekong Subregion’s East-West Economic Corridor. Plans for the new SEZ also include the construction of deep-sea port facilities. 

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Passengers at the Yangon Myanmar Railway Station in Yangon, Myanmar. Photo by ADB

ADB Approves $250 Million Loan to Support Myanmar's COVID-19 Response

The Asian Development Bank (ADB) approved a $250 million loan to help the Government of Myanmar respond to the coronavirus disease (COVID-19) pandemic by mitigating the impacts on people’s health, livelihoods, and the economy, while also ensuring that the poor and vulnerable benefit from the country’s economic recovery.

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The Bago-Kyaikto expressway will link to the Yangon-Mandalay highway (in picture). Photo by ALwinDigital (CC BY-NC-ND 2.0).

Myanmar Approves Proposed ADB Loan for the Bago–Kyaikto Highway along GMS’ EWEC

Myanmar’s Union Parliament approved a proposed loan from the Asian Development Bank (ADB) worth around $483.8 million to finance construction of the Bago–Kyaikto highway. The Bago–Kyaikto highway lies along the Greater Mekong Subregion (GMS) East–West Economic Corridor (EWEC), which links Myanmar to Thailand, Lao People’s Democratic Republic, and Viet Nam, and Myanmar’s Thilawa Port in Yangon to Viet Nam’s Danang Port.

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Bagan, Myanmar. Photo: Piktour UK via Flickr (CC BY 2.0)

Myanmar Releases Strategic Roadmap for Tourism Recovery

The Government of Myanmar released a Strategic Roadmap for Tourism Recovery that aims to establish ‘new normal’ conditions to help tourism make  a comeback.  

Mr. Ohn Maung, Union Minister of Ministry of Hotels and Tourism, provided guidelines for implementation of the plan. It includes three phases:  

Survival 

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