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
US charges 11 over alleged marriage fraud scheme involving Chinese nationals
Other countries23:42
Hungary to build Danube riverbed barrier to keep nuclear plant running
Other countries23:24
Turkish FM Hakan Fidan to visit Egypt
Region22:58
Türkiye, Libya discuss bilateral ties and military cooperation
Region22:22
Ukraine says it hit Russian naval base in Novorossiysk
Other countries22:03
MP: Ilham Aliyev's remarks signal Nakhchivan's key role in Azerbaijan's development
Domestic policy21:28
MP: New development chronicle being written for Nakhchivan
Domestic policy21:11
Azerbaijani, Tajik ambassadors discuss bilateral ties in Tashkent
Foreign policy21:01