September 20, 2016

Pyidaungsu Hluttaw passes agreement on loans from ADB, French Development Agency

Pyidaungsu Hluttaw is being convened in Nay Pyi Taw.
Pyidaungsu Hluttaw is being convened in Nay Pyi Taw.

THE Pyidaungsu Hluttaw session was held for the 13th day with the majority of parliamentarians agreeing to loans to be taken from the Asian Development Bank and the French Development Agency for three ministries yesterday.
Regarding the proposed loan, Union Minister for Agriculture, Livestock and Irrigation Dr Aung Thu said that the ministry will use the money in implementation of development initiatives with transparency and accountability in cooperation with local farmers, regional governments, relevant ministries, parliamentarians and private companies.
Likewise, Union Minister for Education Dr Myo Thein Gyi also pledged to implement the education projects efficiently and transparently.
In his clarification, Union Minister for Health and Sports Dr Myint Htway vowed to cooperate with the ADB in the ministry’s project implementation including appointments of experts in line with international standards.
Next, Deputy Minister for Planning and Finance U Maung Maung Win elaborated on the benefits of taking foreign loans, calling on the parliament to ensure efficiency and transparency in implementing the projects.
The proposed loans are set to be divided among the Ministry of Agriculture, Livestock and Irrigation, the Ministry of Education and the Ministry of Health and Sports.
Then, four lawmakers held discussions on the Joint Public Accounts Committee’s report on national planning of the Union government for 2015-2016 FY, and the Pyidaungsu Hluttaw approved the committee’s report.
During yesterday’s Pyidaungsu Hluttaw session, the Joint Bill Committee’s report on the controversial Peaceful Assembly and Peaceful Procession Bill was presented and the abolition and extended formation of town, ward and village-tracts in Ayeyawady, Magway and Sagaing Regions were put on record.




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