Jun 2, 2013

World Bank continues its support for Myanmar’s rural development

The World Bank (WB) plans to assist the country with rural development in Myanmar, such as water supply, electricity, transportation and education sectors, it is reported.

“About 70 per cent of Myanmar population lives in rural areas so we need to do the improvement of rural habitant’s life. Especially good transportation, water supply and electricity are important. If they have been provided, we can do another step to promote education. Education is essential to the development of the nation. That’s why WB wants to help basic infrastructures such as educational growth and good transportation,” Axel van Trotsenburg, World Bank’s Vice President of East Asia and Pacific Region said in a news conference at World Bank office in Yangon on May 31.

At present, WB is supporting Myanmar government in many sectors including arranging transportation for the overseas trip of government representatives and helping government officials to go field trips to WB programmes in addition to technical aids. Similarly, WB and International Finance Corporation (IFC) work together to assist government and private sectors development.

“Smart investments in infrastructure including water supply, telecommunications and transportation can help accelerate growth. Turing on the lights in Myanmar is also critical so that children can study at night and doctors can refrigerate medicines. The WB is helping in the short run with support for the cleaner and greener gas turbines to generate much-needed electricity to reduce blackouts and improve access for the 3 out of 4 people who have no electricity,” the vice president said.

While producing much-needed electricity across the country, the government needs to draw short and long term plans. The WB is implementing a 120 mega watts project to produce electricity in Mon State. For long term plan, the government and private should work together to invest at electricity sector and need to give first priority to generate energy in long term plan.

Source: Eleven Weekly Media