ADB signs $1b loan deal with the Myanmar government for private infrastructure development

ADB signs $1b loan deal with the Myanmar government for private infrastructure development

Deputy Minister for Finance Maung Maung Thein (L) and Asian Development Bank Vice President Stephen Groff attend a signing ceremony in Yangon. ( U Aung/Xinhua via MBT)

The Asian Development Bank (ADB) concluded a deal with the Myanmar government to allow the lender to provide $1 billion in loans, equity investments, guarantees and trade financing directly to private companies and projects in the country.

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