MIFER Union Minister, ADB Country Director discuss ADB projects, assistance to mitigate economic fallout from COVID-19

Union Minister U Thaung Tun holds talks with Mr. Newin Sinsiri, Country Director of Asian Development Bank, in Nay Pyi Taw yesterday. Photo: MNA
Union Minister U Thaung Tun holds talks with Mr. Newin Sinsiri, Country Director of Asian Development Bank, in Nay Pyi Taw yesterday. Photo: MNA

U Thaung Tun, Union Minister for Investment and Foreign Economic Relations received Mr. Newin Sinsiri, Country Director of Asian Development Bank at the Ministry of Investment and Foreign Economic Relations, Nay Pyi Taw, yesterday morning.
The Union Minister and the ADB Country Director discussed prevention and control of the pandemic and the government efforts to address the adverse effects of COVID-19 on Myanmar’s economy.
The ADB Country Director confirmed that ADB would allocate US$ 6.5 billion assistance package for Developing Member Countries of ADB. The Bank, he said, was also coordinating with the Ministry of Health and Sports to provide loans and grants to use in the Myanmar’s efforts to prevent and control COVID-19.
The Union Minister and Country Director also discussed the allocation of US$ 1 million under the GMS Health Security Project Fund. —MNA

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