June 29, 2017

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US$ 100m loan has nothing to do with salaries of government employees

MPs leave Pyidaungsu Hluttaw building after the parliamentary meeting on 16 July.
MPs leave Pyidaungsu Hluttaw building after the parliamentary meeting on 16 July.

The Deputy Minister for Planning and Finance told the Pyidaungsu Hluttaw Session yesterday that the proposed US$ 100 m loan had nothing to do with the salary increase for government employees and the government had enough funds for their salaries.
The loan is part of a plan for sustainable development of the families, farmers and businesses through a financial system, said the deputy minister.
The government would also use it for capacity building of employees at the Central Bank of Myanmar and its upgrades, said Daw Khin Saw Oo, Vice Governor of the Central Bank of Myanmar.
She also told the representatives that the CBM would borrow another US$ 25 m to set up an advanced training school for employees of the CBM and human resource development and information technology system.
During the session, the proposals of borrowing US$ 25 million for the CBM and US$ 75 million for the Ministry of Planning and Finance from the World Bank were passed by vote.
During the session representatives were invited to debate the establishing of an ASEAN- India Centre and the country’s signing of an anti-nuclear test treaty.

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