The Asian Development Bank (ADB) has announced a new medium-term country partnership strategy (CPS) for Myanmar to help support the government’s aim to boost economic growth and job creation.
ADB said the 2017-2021 strategy will focus on strengthening access to and connectivity with rural and urban areas, linking with regional and global markets and building a skilled workforce and increasing employment opportunities and promoting reforms that will help to modernize the economy.
“ADB’s operations will focus on areas that are of fundamental importance to the country’s development. The release said that ADB’s operations in Myanmar will focus on infrastructure development, in particular energy, transport and urban development,” said James Nugent, Director General of ADB’s Southeast Asia Department. Kyaw Win, Minister for Planning and Finance, said, “We welcome ADB’s support as our country accelerates its transition and builds the foundations for inclusive and sustainable growth.”