A Project Bank of Public Investment Programs to facilitate major project proposals from the States and Regions has been established under the Myanmar Sustainable Development Plan (MSDP), Minister of Planning and Finance U Soe Win said during the 2018 Commerce Fair held in Yangon on December 1. “Currently, Myanmar still lacks basic infrastructure. If this gap is addressed, the country will be better positioned to fulfill its development goals,” U Soe Win said. In that light, the project bank will provide a list of prioritised public infrastructure projects so that the flow of development assistance, allocation of the budget and private sector participation are aligned with the goals and strategies of the MSDP.
Project bank to facilitate infrastructure development established
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