ADB Preparing First Myanmar Projects in 25 Years as Thein Opens
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The Asian Development Bank is preparing to fund projects in Myanmar after 25 years, joining other multilateral agencies and governments entering the nation as the former military dictatorship accelerates reforms.
“We are certainly gearing up for re-engagement,” Rajat Nag, ADB managing director-general, said in an interview in his office in Manila yesterday. “We have started exploratory work, we’ve had missions going to Myanmar. The development challenges of the country are huge: infrastructure, social sector. They need a lot of support and capacity building.”