Burma gets fresh funding boost amid reforms
The Asian Development Bank (ADB) and the World Bank have approved fresh loans for Burma to aid the social and economic development of the country.
The ADB granted $512m (£325m), while the World Bank approved a $440m credit.
Burma, also known as Myanmar, has been implementing economic and political reforms, resulting in various sanctions against it being lifted.
Jonathan Head explains the significance of the move.
28 Jan 2013
- From the section Business