The Washington-based World Bank Group (WBG) on Tuesday announced that its Board of Executive Directors has approved 140 million U.S. dollars of interest-free credit to fund the installation of a modern and high-efficiency power plant in Myanmar's Mon State.
Myanmar and Japan vowed to cooperate in implementation of the former's infrastructural projects, official media reported Tuesday.
The infrastructural projects cover Thilawa and Dawei Special Economic Zone (SEZ) projects, Yangon-Nay Phi Taw-Mandalay railroad and Yada U airport upgrading projects.
Daw Lei Yin Win, In-charge of Project Information told Mizzima that development projects in Kan Pet Let Township in Chin State funded by the World Bank will be initiated in October.
The International Fund for Agriculture Development (IFAD) has granted 300,000 U.S. dollars of aid to Myanmar to carry out project for agricultural development, official media reported Wednesday.
U Kyaw Swar Soe, Chairman of the Farmers Development Party announced on September 2 that they are attempting to become a member of the Asia Farmers Group Corporation.
Most Asian countries are members of the Japan based Asia Farmers Group Corporation.