Support for Strengthening Business Climate (ADB-50173-001)

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
FI
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
May 31, 2017
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 the Republic Union of Myanmar, Ministry of Planning and Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.80 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)
$ 5.88 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 Jan 31, 2019

Disclosed by Bank Jun 6, 2017


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Project Description

The Government of Myanmar requested TA from the ADB to support capacity building to strengthen the business climate. The TA is included in the ADB country operations business plan, 2017–2019 for Myanmar, and is aligned with the ADB country partnership strategy, 2017–2021 for Myanmar, and the government’s economic policy. The TA is aligned with a following impact: private sector growth in line with a market economy system enabled. It will have the outcome: an improved business environment improved.

Investment Description
  • Asian Development Bank (ADB)

Technical Assistance Special Fund (ADB)  US$ 0.8 million

Co-financing ATF - DFID-United Kingdom US$ 5.08 million

Contact Information

Ministry of Planning and Finance

Building No 26. Nay Pyi Taw
Republic of the Union of 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