World Bank steps up support to Myanmar
Washington: The World Bank Group is strengthening its engagement with Myanmar to help enhance the Southeast Asian nation's infrastructure and capacity building, a senior Bank official said.
There is "an enormous amount of work to be done" to improve Myanmar's infrastructure and boost its economic development, and there is also enormous commitment from the international community to support the efforts, Axel van Trotsenburg, the World Bank's vice president for East Asia and the Pacific, said at a press briefing here Friday.
The Washington-based development agency is discussing with the government of Myanmar to invest in electricity generation projects powered by gas turbines to give 5 million more people reliable power supply, as only 1 in 4 people in the country have access to electricity, said van Trotsenburg, who paid a visit to Myanmar earlier this month.
The World Bank is identifying possible sites to install new gas turbines that are 2.5 times more efficient than the existing ones, which are 30 to 40 years old, noted van Trotsenburg, who assumed his current position February 1.