The World Bank has donated a $2 billion investment package to Myanmar to improve access to energy and health care, its president announces.
Bank president Jim Yong Kim announced the financial program while visiting a community health clinic there. It is Kim’s first visit to the country.
Kim says the bank’s support for Myanmar’s reform effort is intended to help the government bring benefits to poor people faster.
Burma has been closed to much of the outside world for several years and is struggling to boost its economy.
‘Huge reform effort’
“Expanding access to electricity in a country like Myanmar can help transform a society,” Kim explained in a statement.
The bank says about 70% of the population don’t have access to reliable electricity. So improving power supplies is the key to the country’s development.