Asian Development Bank &

Table 1.   Myanmar: 2012 Loan, Technical Assistance, and Grant Approvals ($ million)a
Loans Sovereign –
– = nil.

Myanmar joined the Asian Development Bank (ADB) in 1973. ADB’s last loan projects for Myanmar were approved in 1986. Since the general elections in 2010, Myanmar has undertaken significant political and economic reforms. As a result, the international community has resumed reengagement with the country. In 2012, ADB developed a road map toward resumption of normal operations. The activities included initial assessments of the economy and of key sectors, provision of technical assistance projects, and development of an interim country partnership strategy for 2012–2014. The Government of Myanmar is developing a formal mechanism for aid management and donor coordination. Working closely with other development partners, ADB provided advisory support for the government’s first forum on aid management in January 2013, drawing on regional experiences with donor coordination. ADB is also actively engaged in various sector and thematic working groups that are being formed among development partners for coordination purposes. ADB cooperates with civil society organizations to strengthen the effectiveness, quality, and sustainability of the services it provides. To this end, ADB regularly exchanges experience and expertise with nongovernment organizations that are undertaking development activities in Myanmar. With resumption of its reengagement with the international community, Myanmar is an increasingly active participant in the Greater Mekong Subregion Economic Cooperation Program and the Association of Southeast Asian Nations (ASEAN).

Technical Nonsovereign Assistance Grants Total – 4.57 – 4.57

  Excludes cofinancing.

Table 2.   Myanmar: Cumulative ADB Lending by Sector as of 31 December 2012a
Sector Agriculture and   Natural Resources Energy Finance Health and Social Protection Industry and Trade Transport and ICT Water Supply and Other   Municipal Infrastructure   and Services Total Total Disbursements

Loans Amount (no.) ($ million) 15 4 2 2 3 2 316.10 26.80 20.00 63.10 26.40 42.50

%b 59.54 5.05 3.77 11.89 4.97 8.01

4 32

35.96 6.77 530.86 100.00 $411.8 million

Operational Challenges
The government’s economic agenda is large, complex, and long-term. While the government has done much to lay the building blocks for a market economy, much more needs to be done in the areas of macroeconomic policy, trade, investment (including in social and physical structure), and small and medium-sized enterprise development to complete this transition. Stimulating rural development and human capital development for the poor are vital to ensure that growth is inclusive. ADB will support the government’s efforts to provide the foundation for a more inclusive economy through transformational changes to macroeconomic policy institutions, accelerating human capital development and initiating market-based incentives to stimulate rural development.

ICT = information and communication technology.   Includes sovereign and nonsovereign loans.   Total may not add up because of rounding.

As of 31 December 2012

Atlas method ($) GDP growth (% change per year) CPI (% change per year) Unemployment rate (%) Fiscal balance (% of GDP) Export growth (% change per year) Import growth (% change per year) Current account balance (% of GDP) External debt (% of GNI) 2008 . 5. investment. 2009 . public financial management and revenue mobilization. investment. supported by stronger demand for natural gas from neighboring countries. and trade.5) 12.. MDG = Millennium Development Goal. business climate improvement.12 [2012] 1. of Rated Projects/ Programs 5 1 1 2 1 1 11 6 5 100. Context Myanmar is the second largest country by area in Southeast Asia after Indonesia. Table 4. Basic Statistics 2013. 2010 .4) 25. 5. Institute   for Statistics Data Centre..Future Directions ADB’s interim country partnership strategy for 2012–2014 seeks to support the government in achieving sustainable and inclusive growth. The assistance covered administrative capacity development. Considering these factors. 25. The technical assistance is expected to further support implementation of the reforms undertaken by the government. Recent growth was supported by higher levels of investment propelled by improved business confidence and credit growth. and (iii) creating access and connectivity (rural livelihoods and infrastructure development. 2008–2012 Economic Indicator Per capita GNI..4 (2. Source:  ADB.8 (1. World Bank. United Nations Educational. natural gas. minerals. and the power sector.0 (5.7 60.0 – 50.8 4... natural gas. and is endowed with rich natural resources—arable land.0 63.6 22. 2013.1) . 6. = data not available. Scientific and Cultural Organization (UNESCO). and exports. PCR validation reports B (PVRs). and PPERs containing a rating circulated as of 31 December 2012. CPI = consumer price index. ..000 live births Population using an improved drinking water source (%) 61. and construction subsectors.3 4.. and institutional strengthening in some critical areas.3 [2010] 32.25 (PPP) a day (%) Population living below the national poverty line (%) Under-5 mortality rate per 1. Sources:  ADB...1 [2010–2012] 92. = data not available. processing. education. PVRs..6) . Table 5. Asian Development Outlook 2013.. forestry.0 (5.0 (2.0  ased on aggregate results of project/program completion reports (PCRs). continue to drive growth. and is a leading source of gems and jade. It borders five nations. private sector development.3 24. Manila. construction. environmental sustainability.. and project/program performance evaluation reports (PPERs) using PVR or PPER ratings in all cases where PCR and PVR/PPER ratings are available. 2013. which was led by manufacturing.9) 13. especially energy and transport).4) 1. 3. 5.5 2. and education). 2012 . (ii) promoting an enabling economic environment (macroeconomic and fiscal management. 2011 .7 [2011] .. coupled with increases in tourism. World Development Indicators Online. Gross domestic product (GDP) grew by 5.3 3.2 4.2) (1..4) 11.5 … (5. for policy advisory. Manila...   Myanmar: Development Indicators Non-MDG Population in millions Annual population growth rate (%) Adult literacy rate (%) Population in urban areas (%) MDG Population living on less than $1..8 15...4 million. ADB approved 12 technical assistance projects.  Myanmar: Project Success Rates Sector Agriculture and Natural Resources Energy Health and Social Protection Industry and Trade Transport and ICT Water Supply and Other Municipal   Infrastructure and Services Total Year of Approval 1970s 1980s – = nil. civil society participation. It focuses on (i) building human resources and capacities (capacity building in ministries in core areas of ADB involvement. Investment in oil. amounting to $5.0) .. ICT = information and communication technology.5 4. The investment environment has improved following reforms to unify multiple exchange rates and an easing of economic sanctions imposed on Myanmar by industrialized countries. trade and investment policy.9 (2. economy sources. and tourism from a weaker external environment related to ongoing debt challenges in advanced economies. a % 60.3% in fiscal year (FY) 2010 (1 April 2010 to 31 March 2011) and edged up to an estimated 5.2) .. ADB-Supported Projects and Programs In 2012.3 25. Risks to growth momentum include a slower-than-expected progress in key economic reforms and possible adverse impact on trade.0 100. This will leverage ADB’s comparative advantages. and regional cooperation and integration into its operations. freshwater and marine resources. continued in FY2011. capacity development. 2013.5) . 2013. PPP = purchasing power parity. and to promote investments in social and physical infrastructure. GDP is forecast to continue to see steady growth ahead. financial sector reform).. and tourism. GDP = gross domestic product.   Myanmar: Economic Indicators.0 (3.6 [2010] 62 [2011] 83 [2010] ..5% in 2011. gender.2 22.0 (4. . GNI = gross national income. ADB will mainstream the thematic areas of good governance.6 (3. Table 3.3 8. especially in the Greater Mekong Subregion.0 100. Sources: PCRs.1 2. ( ) = negative.6 66.0 a No.... ADB will focus on the crosscutting areas of knowledge and partnerships. The consolidation of growth in FY2010.

org/ countries/myanmar/cofinancing Table 6.85 8.00 416.19) (3. 0.68) ( ) = negative. By the end of 2012. consultants from Myanmar were involved in five contracts for ADB loan projects worth $0. grants.67 2. parallel loans. such as B loans.1 billion.   Myanmar: Top Individual Consultants Involved in ADB Technical Assistance Projects. and commercial financing.1 million for six investment projects and $6.35 million. During the same period. cumulative direct value-added official cofinancing for Myanmar amounted to $38. and cofinancing for transactions under ADB’s Trade Finance Program. to participate in the financing of ADB projects. Table 8.000.01%.35) (30.61 1.11 billion. 2011–2012a Lending ADF.03 Item Goods. d Excludes grant cofinancing not administered by ADB. Works.89 1.82 Table 7.   ADB Assistance to Developing Member Countries. During the same period.990 contracts for ADB loan projects worth $5.14 357.85 9.27) 14. consultants were involved in 26.   Myanmar: Projects Cofinanced.adb.84 44.16 0.717.72 million.00 = less than 0.07 Table 10. and commercial organizations.47 (8. From 1 January 1966 to 31 December 2012.Cofinancing Cofinancing operations enable ADB’s financing partners. Sovereign OCR.050. contractors and suppliers were involved in 185.6 million for 17 technical assistance projects. c Includes $35 million investment in debt securities.00 239. risk transfer arrangements.00 600. Sovereign OCR. Procurement From 1 January 1966 to 31 December 2012. multilateral financing institutions.00 1.77 297.   Myanmar: Top Individual Consultants Involved in ADB Loan Projects. OCR = ordinary capital resources.46 1.88 (16.28 (45.954.39 2012 ($ million) 11.605.00 1.106.04) 18. 1 January 2008–31 December 2012 Cofinancing Technical Assistance Grants No.600. and   Related Services Consulting Services – = nil. During the same period.546 contracts for ADB technical assistance projects worth $3. governments or their agencies.   Myanmar: Share of Procurement Contracts 2011 Amount % of ($ million) Total – – 0. Includes nonsovereign public sector loan processed by regional departments and ADB’s Private Sector  Operations Department.00 969.67) 6.58 billion. consultants from Myanmar were involved in 26 contracts for ADB technical assistance projects worth $1.00 0. A summary of projects with cofinancing from 1 January 2008 to 31 December 2012 is available at www.61 844. contractors and suppliers from Myanmar were involved in 134 contracts for ADB loan projects worth $45.82) (92.090 contracts for ADB loan projects worth $116. equity investments. b . and technical assistance grants. The additional funds are provided in the form of official loans and grants. Excludes terminated loans.84 131.67 million.294.58 2.07 0. 1 January 2008–31 December 2012 Consultant Individual consultants Number of Times Contracted 3 Contract Amount ($ million) 0.78 Change (%) (7.00 0. From 1 January 1966 to 31 December 2012.062.00 2012 Amount % of ($ million) Total – 0.04 0. Nonsovereign   Public Sectorb   Private Sectorc Equity Investments Guarantees Grantsd Technical Assistance Grants a 2011 ($ million) 12. ADF = Asian Development Fund.00 403.315. of Projects 3 Amount ($ million) 0.03 Cumulative (as of 31 Dec 2012) Amount % of ($ million) Total 45. 1 January 2008–31 December 2012 Consultant Individual consultants Number of Times Contracted 2 Contract Amount ($ million) 0.16 Table 9. consultants were involved in 11.

April 2013 . The Myanmar government agencies handling ADB affairs are the Foreign Economic Relations Department (FERD) under the Ministry of National Planning and Economic Development.414 (0.adb. 1.531 projects in 44 countries.45 million Maliami bin Hamad is the Director and Khin Khin Lwin is the Alternate Director representing Myanmar on the ADB Board of Directors.adb. About the Asian Development Bank ADB is a multilateral development bank owned by 67 members. the cumulative totals excluding cofinancing were $191.77 million and $172. grants. and the Ministry of Finance and Revenue. with TA at $150. Data are as of 31 December 2012 unless otherwise indicated.3 billion was generated in direct value-added cofinancing in the form of official loans and grants and commercial cofinancing such as B loans. Putu Kamayana is the Head of ADB’s Extended Mission in Myanmar. 48 from the region and 19 from other parts of the 57. $8.56 million in TA over the same period. equity investments. The department engages in policy dialogue and acts as a knowledge base on development issues in Myanmar. Philippines Tel +63 2 632 4444 Fax +63 2 636 2444 ADB Extended Mission in Myanmar Inya Lake Hotel. From 1 January 2008 to 31 December 2012. parallel loans. ADB’s Southeast Asia Department provides the primary operational link to the government.96 million (237 projects) and grant-financed projects at $696.73% of total membership. Kaba Aye Pagoda Road Mayangone Township.47 billion in loans for 2. risk transfer arrangements. Nay Pyi Taw Republic of the Union of Myanmar Tel +95 67 407432 Fax +95 67 407027 Ministry of Finance and Revenue Building No.78 billion. Room 240 37. In 2012. Mandaluyong City 1550 Metro Annual Report www. Fact sheets are updated annually in April. including regional TA grants. As of 31 December 2012. ADB’s main instruments for helping its developing member countries are policy dialogue. and cofinancing for transactions under ADB’s Trade Finance Program. private sector.adb. loans. lending volume was $ Asian Development Outlook www. “$” refers to US dollars. 1.810 (0.13% of total regional membership) $888.adb. $5. In this publication.About Myanmar and ADB ADB Membership Joined 1973 Shareholding and Voting Power Number of shares held: Votes: Overall capital subscription: Paid-in capital subscription: Contacts ADB Headquarters 6 ADB Avenue. guarantees. investment grants and TA funded by ADB and special funds resources averaged $778. and civil society stakeholders in its activities. In addition. Yangon Republic of the Union of Myanmar Tel +95 1 662866/662857 Ext 239 Foreign Economic Relations Department Ministry of National Planning   and Economic Development Building No.49 million $44.55% of total shares) 97. Figures are estimated by ADB unless otherwise cited. ADB’s annual lending volume averaged $11. and technical assistance (TA).44 billion in TA grants. and $3.67 billion in 287 grants.72 billion (110 projects).org Country website www. ADB has an interim country partnership strategy for 2012–2014 in place.94 million (27 projects). 26. In addition. Nay Pyi Taw Republic of the Union of Myanmar Tel +95 67 410052 Fax +95 67 410194/410182/410189 Useful ADB websites Asian Development Bank www.

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