In support of ongoing reforms being undertaken in Myanmar, the World Bank has announced a multiyear, $2 billion investment programme aiming to see universal health care and energy access in the country by 2030.
26 January 2014: In support of ongoing reforms being undertaken in Myanmar, the World Bank has announced a multiyear, $2 billion investment programme aiming at achieving universal health care and energy access in the country by 2030.
In Myanmar, where 70% of the population lacks access to electricity, this new programme will include $1 billion in investments in electricity generation, transmission and distribution, including for rural and off-grid electrification. As part of this sum, the Bank will facilitate the development of a National Electrification Plan to facilitate building of institutional capacity and regulatory reforms to improve service and the investment climate. The programme will also support private generation and distribution investments.
World Bank President Jim Yong Kim further announced that $200 million of the programme will be to help Myanmar provide universal healthcare by 2030. Only 25% of the population currently has access to adequate healthcare. Other parts of the funding package will be used to fund education, roads and water projects, among others. [World Bank Press Release, 1] [World Bank Press Release, 2]