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                World Bank Approves First Burma Aid in 25 Years

   by VOA News

   For the first time in 25 years the [1]World Bank has approved a grant
   for Burma and developed a strategy for helping the government improve
   its economic management.
   The bank issued a statement Thursday saying the $80 million grant is
   for infrastructure projects in poor rural areas.
   World Bank president Jim Yong Kim said he is pleased by reforms that
   have been taking place in Burma and encourages the government to
   continue to push forward with their efforts.
   The bank closed its Rangoon office in 1987 and halted new lending after
   the then-ruling military stopped making payments on debts worth
   hundreds of millions of dollars.
   Officials are still working on ways to clear that remaining debt.
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   [2]http://www.voanews.com/content/world-bank-approves-first-burma-aid-t
   wenty_five-years/1537937.html

References

   1. http://www.worldbank.org/en/news/2012/11/01/world-bank-group-steps-up-support-reforms-myanmar-new-interim-strategy-improve-lives
   2. http://www.voanews.com/content/world-bank-approves-first-burma-aid-twenty_five-years/1537937.html