The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded.

The Myanmar Project Bank is an open web-based platform designed to highlight investment projects which will further the implementation of the Myanmar Sustainable Development Plan 2018-2030. The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded. Announced last year, the Myanmar Project Bank is an interactive web-based platform designed to highlight investment projects in line with the implementation of the Myanmar Sustainable Development Plan (MSDP) for 2018-2030. The main objective is for infrastructure enhancements to be financed using either public funds, official development assistance, private investments or a combination of these. The Myanmar Project Bank establishes a predictable and transparent system which links major investment projects with appropriate sources of finance. Last month, the World Bank also provided a $50 million loan for the Myanmar COVID-19 Emergency Response Project, which includes raising hospital preparedness and surge capacity in order to reduce the spread of COVID-19, protect health workers, and treat patients. - Translated Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by Nay Pyi Taw. These projects have been pooled under the so called Myanmar Project Bank. Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by Nay Pyi Taw. It can be found on www.projectbank.gov.mm. This establishes a predictable and transparent system linking major investment projects with appropriate sources of finance.