41 Million US-Dollars for Southern Shan - Paving the Way for Development
German Ambassador Christian-Ludwig Weber-Lortsch inaugurated the completion of the first phase of the “Rural Development Programme”.
Enlarge image (© (c) KfW Office Yangon) Germany is the first partner of Myanmar to support a project of rural roads construction. So far, the German Government has supported Myanmar with EUR 28.2 million grant funds and committed additional EUR 10 million grant funds after the flooding in 2015 to develop rural areas by upgrading and constructing rural roads in Southern Shan State– a total of over 41 million US-Dollars. At the occasion of celebrating the completion of the first phase of the “Rural Development Programme”, the German Ambassador to Myanmar, H.E. Mr. Weber-Lortsch, emphasized in his speech: “By making roads and bridges accessible all year around, the population living close to the roads gain access to important public institutions such as healthcare facilities and schools, as well as employment opportunities. Regional mobility is essential to improving living conditions.
Guest from Germany: Mrs. Dagmar Wöhrl, Member of the German Parliament
Enlarge image (© KfW Office Yangon) In Taunggyi, on 16th November, Dr. Linn Htut, Chief Minister from Shan State, Dr. Khin Zaw, Permanent Secretary from Ministry of Agriculture, Livestock, and Irrigation (MoALI), H.E. Mr. Weber-Lortsch, the German Ambassador to Myanmar, Mrs. Dagmar Wöhrl, Member of the German Parliament and Chairwoman of the Committee of Economic Cooperation and Development, and Ms. Eva Schneider, KfW Country Director to Myanmar, attended the Inauguration Ceremony for the finishing of the first phase of the “Rural Development Programme” (RDP) at Taungni - Taung Lay Lone Road in Taunggyi Township in the Southern Shan State.
The programme has been implemented within the framework of German Financial Cooperation via KfW Development Bank by the Department of Rural Development (DRD) of the Ministry of Agriculture, Livestock and Irrigation. The programme comprises rural roads of more than 150 km, which will benefit more than 100.000 people living close to the roads. Additionally, the DRD was trained in road maintenance, planning, procurement and supervision to deepen essential capacities for the successful handling of road construction projects.
Financial Cooperation (FC) since 2013
Enlarge image (© (c) KfW Office Yangon) Germany has resumed its development cooperation in Myanmar in 2012 and Financial Cooperation (FC) via KfW in particular in 2013. During the first four years EUR 110 million (approx. USD 122 million) FC funds comprising more than EUR 81.00 million (approx. USD 83 million) in grant funds and almost EUR 29 million (approx. USD 32 million) in loans have been committed by the German Federal Ministry for Economic Cooperation and Development (BMZ). German Development Cooperation focuses on the two areas of Sustainable Economic Development as well as on Rural Development. Sustainable Economic Development activities include SME promotion/financial sector development and support vocational training and employment. The focal area Rural Development aims to upgrade rural roads and the supply of energy in the Shan State.
KfW Development Bank
Enlarge image (© KfW Office Yangon) KfW Bankengruppe (KfW) – one of the world’s leading and most experienced promotional bank – provides a range of products to support its customers in realizing their projects in the domestic fields of small and medium-sized enterprises, business start-ups, environmental protection, housing, infrastructure, education as well as project and export finance and development cooperation. As the bank is wholly owned by the German Government it is rated AAA and with a balance sheet total of more than EUR 500 billion (approx. USD 570 billion) it is one of Germany’s largest banks. Being an integral part of the KfW Group, KfW Development Bank carries out Germany’s financial cooperation with developing and emerging countries. With offices in about 80 different countries, it aims to combat poverty, secure peace, protect environment and climate as well as make globalization fair. Alongside KfW Development Bank, the two subsidiaries KfW IPEX-Bank and DEG also have commitments abroad: while KfW IPEX-Bank is active in international project and export finance, DEG provides financing and consulting to companies investing in developing and emerging countries. KfW Development Bank cooperates closely with the German Technical Cooperation agency GIZ, as well as other bilateral and multilateral organizations