August 19, 2016

Over K39 bln spent on relief and rehabilitation for flood victims

The President Office released announcement No 1/2015 dated 31 July 2014.
According to the announcement, National Disaster Management Committee evacuated flood victims in Chin, Rakhine, Kachin, Kayin and Mon states and Sagaing, Magway, Bago and Ayeyawady regions and is speeding up the rehabilitation tasks.
The committee has spent K39.054 billion from the separate fund on relief and rehabilitation tasks.
Ministry of Finance signed an agreement with Asian Development Bank (ADB) for taking $3 million assistance and Japan offered $1.5 million assistance.
IMF and World Bank have arranged to deliver loans without interest to Myanmar. WB proposed Myanmar government to spend about $35 million from its loans already granted by the Hluttaw to flood relief and rehabilitation tasks.


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