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April 01, 2020

Pyidaungsu Hluttaw approves World Bank loan, grant for MoHS

The second Pyidaungsu Hluttaw convened its 28th day meeting of 15th regular session yesterday, and the MPs discussed international loans and grants for development programmes of the country.

IDA-18 loan programme from World Bank
Deputy Minister for Health and Sports Dr Mya Lay Sein sought an approval of Pyidaungsu Hluttaw to get US$100 million loan and $10 million grants from the International Development Association under the IDA-18 Replenishment of the World Bank for the Essential Health Services Access Project (EHSAP) of the ministry to continue implementing the projects of IDA-17.
She added that loans and grants will be distributed to the areas which need financial assistance for healthcare programmes.
Deputy Minister for Planning, Finance and Industry U Khin Maung Win explained the role of his ministry in discussion, signing loan contracts, withdrawal of loans and monitoring implementation of projects after the Pyidaungsu Hluttaw has approved the loan plan.
The Pyidaungsu Hluttaw approved the IDA-18 loan with 551 votes for and 1 against the motion with 1 abstention.

JICA loan for MoEE
The 10 representatives Pyidaungsu Hluttaw MPs discussed the motion to get Yen 7.339 billion loan from the Japan International Cooperation Agency (JICA), which was sent by the President for the Ministry of Electricity and Energy.

IDA loan for MoEE
The 8 MPs then discussed the motion to get US$350 million loan from the World Bank’s IDA, which was sent by the President for the Ministry of Electricity and Energy.

JICA loan for MoTC
The 8 MPs discussed the motion to get Yen 40.604 billion loan from the JICA, which was sent by the President for the Ministry of Transport and Communications.

EDCF loan for MoTC
The 7 MPs discussed the motion to get $125 million loan from the Economic Development Cooperation Fund of South Korea, which was sent by the President for the Ministry of Transport and Communications.
The 29th day meeting of second Pyidaungsu Hluttaw will be held on 26 March.—Aung Ye Thwin, Aye Aye Thant.(Translated by Aung Khin)

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