Home MMBIZ News ADB to Invest in Environmental Conservation, Technology Sectors

ADB to Invest in Environmental Conservation, Technology Sectors

The Asian Development Bank (ADB) will invest in Myanmar’s environmental conservation and technology sectors as part of its $30.1-billion investment in six Greater Mekong Subregion (GMS) countries in 2014-18, the Manila-based lender said.

Two projects will deal with environmental conservation, while six others are concerned with technology sector.

By implementing these projects, ADB will assist in development of ecotourism and agro-biodiversity products, assessment of green value chains, improvement of land and energy utilization, development of environmental safeguard, trans-border protection management and natural resources conservation in the country, said ADB.

Recently, Myanmar’s Ministry of Environmental Conservation and Forestry held talks with the ADB mission in Naypyitaw on topics to be discussed at the upcoming 4th GMS Environment Ministers Meeting (EMM) to be held from January 27 to 29.

The talks also covered ways of ADB to provide assistance for Myanmar’s reform process and future cooperation plan between the two parties in environmental conservation.

The lender granted a total of $240 million in loans to Myanmar in 2014 for developing power sector, upgrading highway and communication and transport links in the country.

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