Search results
Results from the WOW.Com Content Network
The Myanma Agricultural Development Bank (Burmese: မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်; abbreviated MADB) is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind.
The World Bank's current strategy in Myanmar is to focus on rural development. Due to the conflict in the Rakhine area the World Bank Group (WBG) has increased its focus on social inclusion. Implementation of projects within Myanmar have increased access to electricity, schools, and healthcare.
Afghanistan is a World Bank Group member country. It has received financial support from the organization since 2002. The World Bank provides loans and grants to support its development and reconstruction efforts. The bank aims to help Afghanistan with matters such as poverty reduction, infrastructure development, education, and governance.
Myanmar has become the world’s biggest producer of opium, overtaking Afghanistan after the ruling Taliban imposed a ban on poppy cultivation, according to a new United Nations report.
In December, the World Bank had projected Myanmar's economy would grow by around 2% during the current fiscal year, after estimated GDP growth of 1% in the year that ended in March 2024. "The ...
Agriculture in Myanmar (also known as Burma) is the main industry in the country, accounting for 60 percent of the GDP and employing some 65 percent of the labour force. [1] Burma was once Asia's largest exporter of rice , [ 2 ] and rice remains the country's most crucial agricultural commodity.
The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]
In addition, the World Bank announced a new $12 billion fund to address the food crises. [24] [25] The World Economic Forum's Global Risks Report 2023 described food supply crises as an ongoing global risk. [26] The Russian invasion of Ukraine and crop failures from climate change worsened worldwide hunger and malnutrition. [27]