Baku 28° C
Asian Development Bank suspends financing Myanmar
Other countries
- 11 March, 2021
- 06:43
The Asian Development Bank (ADB) has suspended funding to the authorities in Myanmar following a military coup in the country, Report informs referring to TASS.
For now, new contracts won’t be signed with them either.
The decision to suspend funding came into force on Feb. 1, when the military in Myanmar toppled the civilian government and took power.
ADB provided a total of $2.4 billion in loans to this country from 2013 to 2019. So far, the bank has been involved in two government road infrastructure projects there.
Author
Latest News
23:56
Baku TV enters top 10 among Azerbaijani channels, director general says
Media23:50
Federal Reserve keeps interest rates unchanged
Other countries23:42
Baku TV expands international partnerships
Media23:26
Baku TV chief says social media information not always trustworthy
Media23:04
Azerbaijan finish second in Greco-Roman team standings at U17 worlds
Individual sports22:53
Drone hits US-owned gas storage tanker at Egypt's Damietta port, Ambrey says
Other countries22:25
Death toll from Bangkok pub fire rises to 37
Other countries22:09
Kosherbayev, Rubio discuss situation around Caspian Pipeline Consortium
Other countries21:54