Burma - Project FinancingBurma - Financing
The World Bank and Asian Development Bank (ADB) reopened offices in Myanmar in 2012 to encourage ongoing political and economic reforms. In April 2014, ADB established its Myanmar Resident Mission, with offices in Naypyitaw and Yangon. ADB expects to approve up to $1 billion in non-sovereign investment projects in areas including logistics, connectivity, power generation, telecommunications, urban development, financial sector and trade finance. In January 2013, the World Bank and ADB approved grants and loans of $512 million and $440 million, respectively. From 2013 to 2014, the World Bank also approved projects worth $110 million towards the telecommunications sector and modernization of the public financial management system. In 2016, Myanmar had access to approximately $480 million in International Development Association Assistance (IDA). The World Bank’s existing loan program extends across the power, health, education, agriculture, energy and communication sectors.
The U.S. Trade and Development Agency (USTDA) links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
In May 2013, OPIC signed an Investment Incentive Agreement with Myanmar to support private U.S. businesses seeking to invest in Myanmar. OPIC has funded debt in the telecom and infrastructure sectors. In October 2018, President Trump signed the Better Utilization of Investments Leading to Development (Build) Act law and created a new U.S. development finance institution called the United States International Development Finance Corporation (USDFC). The USDFC will support and complement other on-going U.S. government aid programs. (EXIM bank will continue to be USG’s export credit agency).
The newly created USDFC will subsume OPIC and few key USAID entities that will help the Trump Administration to create and provide financially-sound alternatives to government-led projects from countries, such as China. In addition, the USDFC will provide the United States with a wide range of advanced financial tools that allow the United States to become better allies with partners for greater development impacts.
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the Asian Development Bank and the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help American businesses access bank-funded projects, and advocate on behalf of American bidders. Learn more by contacting the Commercial Liaison Offices to the Asian Development Bank (http://www.export.gov/adb/) and the World Bank (http://export.gov/worldbank).
Contact Information
Commercial Liaison Office to Asian Development Bank (http://www.export.gov/adb/)
Commercial Liaison Office to the World Bank (http://export.gov/worldbank)
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
The U.S. Trade and Development Agency (USTDA) links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
In May 2013, OPIC signed an Investment Incentive Agreement with Myanmar to support private U.S. businesses seeking to invest in Myanmar. OPIC has funded debt in the telecom and infrastructure sectors. In October 2018, President Trump signed the Better Utilization of Investments Leading to Development (Build) Act law and created a new U.S. development finance institution called the United States International Development Finance Corporation (USDFC). The USDFC will support and complement other on-going U.S. government aid programs. (EXIM bank will continue to be USG’s export credit agency).
The newly created USDFC will subsume OPIC and few key USAID entities that will help the Trump Administration to create and provide financially-sound alternatives to government-led projects from countries, such as China. In addition, the USDFC will provide the United States with a wide range of advanced financial tools that allow the United States to become better allies with partners for greater development impacts.
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the Asian Development Bank and the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help American businesses access bank-funded projects, and advocate on behalf of American bidders. Learn more by contacting the Commercial Liaison Offices to the Asian Development Bank (http://www.export.gov/adb/) and the World Bank (http://export.gov/worldbank).
Contact Information
Commercial Liaison Office to Asian Development Bank (http://www.export.gov/adb/)
Commercial Liaison Office to the World Bank (http://export.gov/worldbank)
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.