Singapore's Infrastructure Asia, Myanmar ink deal on infrastructure collaboration

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[SINGAPORE] Singapore's Infrastructure Asia will identify suitable investors for infrastructure projects in Myanmar, following an agreement inked with Myanmar's Ministry of Planning, Finance and Industry (MoPFI) on Wednesday. Read more at The Business Times.

She said that amid economic uncertainties due to the Covid-19 pandemic, infrastructure in areas such as supply chains, information and communications technology, public health and clean energy can help rebuild and stimulate economies and aid social and economic development.

The ceremony was also witnessed by Myanmar officials including Minister for Planning, Finance and Industry U Soe Win. Jointly set up by Enterprise Singapore and the Monetary Authority of Singapore, IA works with international developers, financial institutions and multilateral development banks to broker infrastructure deals and share best practices in the region.

Said IA's executive director Seth Tan:"Myanmar has introduced new approaches and frameworks to accelerate the expansion of public infrastructure projects. "There are now more opportunities for private sector players to consider investments into Myanmar. IA is glad to be part of the process to shape and bridge more collaborations at the public and private level."For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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