YANGON: The World Bank has approved an $80 million grant for Myanmar to support its reform drive, resuming assistance for the former pariah nation after a quarter-century absence.
The money is for infrastructure projects in villages in poor rural areas, the bank said in a statement on Friday after its board of directors in Washington approved a new strategy for helping the country formerly known as Burma.
The World Bank closed its Ya-ngon office in 1987 and ceased new lending after the then-ruling junta stopped making payments on debts worth hundreds of millions of dollars left from previous programs.
Published : Friday January 18, 2013 | Category : World | Hits:150
By : AFP
HANOI: Vietnam and Japan must “play a more active role” in maintaining regional peace and security, Japanese Prime Minister Shinzo Abe said in the face of growing maritime tensions with China. Read more
Published : Friday January 18, 2013 | Category : World | Hits:85
By : AFP
ALGIERS: Algerian troops surrounded Islamists holding foreign hostages at a gas field on Thursday, a day after a deadly attack the gunmen said was in reprisal for Algeria’s cooperation in French operations in Mali. Read more
Published : Friday January 18, 2013 | Category : World | Hits:85
By : AFP
JAKARTA: Waist-deep floods brought the Indonesian capital Jakarta to a standstill on Thursday, with roads impassable, thousands of homes under water and the president forced to roll up his trousers at the palace. Read more
Published : Friday January 18, 2013 | Category : World | Hits:54
By : AFP
WASHINGTON, D.C.: President Barack Obama on Wednesday (Thursday in Manila) demanded an assault weapons ban and universal background checks for gun buyers as part of sweeping gun control measures in response to the Newtown school massacre. Read more
Published : Friday January 18, 2013 | Category : World | Hits:46
By : AFP
NO SUFFICIENT EVIDENCE TO ARREST PAKISTAN PMISLAMABAD: The head of Pakistan’s anti-corruption watchdog told the Supreme Court on Thursday he did not yet have enough evidence to move against Prime Minister Raja Pervez Ashraf and 15 Read more
