ADB, World Bank to step up work in Myanmar after arrears paid
(Reuters) - The Asian Development Bank (ADB) said on Monday it was resuming operations in Myanmar with a $512 million loan for social and economic projects that would help the country build on reforms since a military government stepped down in 2011. In a separate statement, the World Bank said its board had approved a $440 million credit for Myanmar and that, as with the ADB, it was now fully able to support the country's development because debt arrears had been cleared with the help of Japan. ...
