World Bank to help finance Myanmar's national electrification project

The World Bank has approved $400 million for Myanmar's national electrification project, $310 million of which will go to the expansion of national grid, and the remaining $90 million will be spent on off-grid projects. The project also assures funding and technical assistance from other development partners including Asian Development Bank, German International Cooperation Agency, Japan International Cooperation System, German development bank KfW), International Cooperation Development Funds and Italy Soft Loan.