Myanmar Govt, LIFT Fund Announce Extra Cash Payments to Help Most Vulnerable During COVID-19

The Department of Social Welfare (DSW) under the Ministry of Social Welfare, Relief and Resettlement, with financial support from the Livelihoods and Food Security Fund (LIFT), will provide an extra one-time cash payment of 30,000 kyats (US$21.36) each to 441,726 women and elderly people in five most vulnerable areas of Myanmar starting next week. The […]

LIFT announces new funding to support Myanmar’s COVID-19 response

Livelihoods and Food Security Fund LIFT has announced funding of USD15.8 million to support Myanmar’s COVID-19 preparedness and response. The funding is estimated to benefit 5.9 million people in Myanmar at a time when the country is making urgent preparations to respond to the challenges of the COVID-19 pandemic. LIFT’s assistance will be delivered through […]

Myanmar Launches First Inquiry into Agricultural Chemicals and Their Effects

The Upper House of Parliament’s agriculture committee has launched its very first parliamentary inquiry into chemicals used in agriculture and their effects on the health and quality of life of farmers, workers and consumers across the country, according to the committee chair. Myanmar’s Upper House of Parliament and chair of the Agriculture Committee, U Aung […]

Study backs benefits of small-scale commercial aquaculture

The true value of small-scale commercial aquaculture as a means of generating rural development and reducing poverty has been revealed in a new academic study. The study, Give a Man a Fishpond: Modeling the Impacts of Aquaculture in the Rural Economy, looks at how aquaculture can impact rural development in Myanmar. As author Dr Ben […]

IFC plans for more investments in microfinance

INTERNATIONAL Finance Corporation (IFC), a private sector arm of World Bank Group, has invested US$23.5 million (about Bt736 million) in four microfinance institutions (MFIs) in Myanmar, and is eager to invest more this year. Vanessa Vizcarra Bianchi, IFC’s lead of financial institutions advisory services for Mekong Region, said in an exclusive interview that the organisation […]

VisionFund Myanmar launches loan scheme for factory workers

VisionFund Myanmar recently announced the launch of a new microfinance loan product exclusively for garment factory workers, funded by the Livelihoods and Food Security Trust Fund (LIFT), according to a press release on 16 February. The loans were first launched at the ZES garment factory located in Hlaing Thar Yar Township, with over 160 workers […]

World Bank Report : A Country on the Move – Domestic Migration in Two Regions of Myanmar

Since 2012, Myanmar has seen the beginning of a structural transformation away from agriculture and toward a more urban, industrial, and service-based economy. These patterns have the potential to have a significant impact on the landless and land-poor workers who account for a large part of the rural workforce. This report, part of the Qualitative Social […]

Unleashing Myanmar’s Agricultural Potential

Myanmar’s unusually fertile soils and abundant water source are legendary in Southeast Asia. It is even said that Myanmar has the most favorable agricultural conditions in all of Asia. Almost anything can be grown in the country, from fruits to vegetables, from rice to pulses. The agriculture sector dominates the economy, contributing 38% of GDP, […]

Rising rice yields seen as golden opportunity

Myanmar can more than double rice exports by improving farm productivity, cutting export costs, and opening milling sector to FDI Once the world’s top rice exporter, Myanmar has a chance to rejuvenate its glory days if its export strategy is reviewed, the World Bank said. The country’s rice exports could more than double if production […]

Myanmar Can Double Rice Exports Through Policy Reforms: WB

Myanmar has the potential to more than double its rice exports by implementing policy reforms, a new World Bank report said. In a bid to increase rice exports, Myanmar has to diversify and increase its rice production, open its rice milling sector to direct foreign investments and reduce export procedure costs, thereby alleviating rural poverty, […]