ADB has temporarily put on hold sovereign project disbursements and new contracts in Myanmar effective 1 February 2021. ADB is closely monitoring the situation in Myanmar and remains committed to supporting its people.
ADB remains deeply concerned about recent developments in Myanmar and will continue to consult with shareholders and stakeholders on any operations in the country.
This report shows why Southeast Asian countries need to prioritize core sectors ranging from tourism to digital trade as they hammer out policies to boost post-COVID-19 recovery and secure a greener future.
The fragile and conflict-situations and small island developing states approach presents ADB's new way of doing business in its most vulnerable members, which are at further risk because of the COVID-19 crisis.
The Asian Development Bank remains deeply concerned about recent developments in Myanmar, especially the loss of life during civil protests. These events will have a serious impact on the country’s economic and social development.
ADB remains deeply concerned about recent developments in Myanmar and will continue to consult with shareholders and other stakeholders on its operations in the country, which have temporarily been placed on hold since 1 February 2021.
Since the reengagement in early 2012, ADB had supported Myanmar’s national development strategies and priority programs. ADB had supported the country with finance and knowledge to strengthen the economic foundations to ensure sustainable growth and poverty reduction.
Nay Pyi Taw Office, PARKROYAL Hotel, Gangaw Villa, 13/14 Hotel Zone Dekhina Thiri Township, Nay Pyi Taw, Myanmar
Office Hours: 9:00 a.m. to 6:00 p.m. (Monday to Friday)
Yangon Office, Union Business Centre (UBC), Room : 04-05, 4th Floor, Natmauk Road Bo Cho Quarter, Bahan Township, Yangon, Myanmar
Office Hours: 9:00 a.m. - 6:00 p.m. (Monday to Friday)
ADB started reengagement in Myanmar in early 2012 and formally established its Myanmar Resident Mission (MYRM) in April 2014, with offices in Nay Pyi Taw and Yangon. MYRM provides the primary interface for ADB operations between ADB and government, the private sector, civil society stakeholders, and other development partners. MYRM engages in policy dialogue, country strategy development and programming, portfolio management, and knowledge management.
ADB in Myanmar aims to promote inclusive and sustainable economic growth with focus on infrastructure (transport, energy, and urban development); education and training; and agriculture and rural development. ADB also focuses on capacity development and governance, private sector development, environment, climate change and disaster risk management, and regional integration, gender equity, context sensitivity, and knowledge solutions.
The Myanmar government agency handling ADB affairs is the Ministry of Planning and Finance.
The Myanmar Resident Mission will be closed on these dates:
Last updated: 8 November 2023