Union Minister U Thaung Tun presides over the Working Committee to adress the impact of COVID-19 on the country’s economy where K21.122 bln are approved to disburse to 1,200 enterprises. Photo : MNA
The tenth meeting of the Working Committee to address the impact of COVID-19 on the country’s economy was held via videoconference yesterday afternoon.
The meeting was chaired by U Thaung Tun, Union Minister for Investment and Foreign Economic Relations. Members of the working committee Union Ministers, U Soe Win , U Thein Swe and Dr Than Myint, the Governor of the Central Bank of Myanmar, U Kyaw Kyaw Maung and representatives of the Ministries concerned took part in the meeting.
Following the setting up of the first COVID-19 relief fund of Kyats 100 billion in April, the Committee approved the disbursement of loans to 3,393 enterprises.
Subsequently, the government added a further Kyats 100 billion to the COVID-19 Fund and approved Kyats 20.777 billion in loans to 1,041 enterprises. Yesterday’s meeting approved the disbursements of Kyats 21.122 billion to 1,200 enterprises.
Number of Enterprises from different Sectors and loans disbursed:
|5.||Import Substitution Sector||153||3,432|
|8.||Foreign Employment Services||70||870|
The meeting also discussed the need to carry out an assessment regarding the impact of the loans disbursed so as to decide on a future course of action.—MNA