Strengthening Law, Regulation, and the Legal Profession for a Better Investment Climate (ADB-49287-001)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 11, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Myanmar
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 7, 2017

Disclosed by Bank Jan 19, 2016


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Project Description
This capacity development technical assistance (TA) is designed to strengthen the legal and institutional framework for commerce and private sector investment by (i) providing assistance for the drafting, advocacy and finalization of updated, modernized commercial laws, to complement the reforms being carried out under the current company law reform supported under an ADB technical assistance; (ii) improving the skills and knowledge of government staff in the implementation of the updated commercial laws; and (iii) providing assistance for a capacity building training program to improve the skills and knowledge of legal practitioners in various areas of commercial law, which will in turn facilitate increased levels of investments and commercial activities in Myanmar's private sector.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Supreme Court of the Union H.E. U Tun Tun Oo, Chief Justice scunion@mptmail.net.mm Building Number (54), Naypyitaw, Myanmar ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main