World Bank to Invest US$2 billion in Myanmar

World Bank Group President Jim Yong Kim’s first visit to Myanmar resulted in investment plans, for a US$2 billion multi-year development program by the WB Group, to improve access to energy and health care for poor people in Myanmar.

In addition, support will be extended to the Myanma r Gove rnment for developing projects such as expansion of electricity generation, transmission and distribution through a National Electrification Plan and support on health care for poor people through setting up of community health clinics across Myanmar.

The World Bank Group will harness expertise and resources from IDA, IFC and MIGA to support this development program.