Myanmar to receive 400 mln USD from WB for rural communities
Xinhua, July 2, 2015 Adjust font size:
Myanmar will receive an additional 400 million U.S. dollars financial support from the World Bank Group for poor rural communities in the country, according to a press release of the World Bank Group issued here Thursday.
Under the ongoing Myanmar National Community Driven Development Project (NCDDP), the financial aid will be used in repair and construction of more health centers, schools, roads and drinking water systems which will benefit 7 million rural population across 62 townships, the release said.
"These additional funds will help to transform the way rural development works. They will empower and motivate communities, by putting people in charge of how to manage community development resources," said U Ohn Myint, Minister for the Ministry of Livestock, Fisheries and Rural Development.
"Myanmar's Community Driven Development Project has financed more than 350 sub-projects to improve people's lives in remote rural communities," said Ulrich Zachau, Country Director for the World Bank for South East Asia. Endi