The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]
IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project
September 1, 2017 by Thiha
Filed Under: Latest News Tagged With: Aik Htun, Asia Wealth Bank, AWB, Burmese bank, CBOS, chairman, coal mine, Community Based Organizations, Critical Habitat area, Daw Aung San Suu Kyi, Drug Trade, Environmental and Social Impact Assessment, ESIA, former political prisoners, IFC, IFC Myanmar Country Chief, Jim Kim, Kokang ethnic group, Kyaw Win, Mandalay Region, Myanmar, Myanmar civil society groups, Myanmar National Democratic Alliance Army leader, Myanmar Vikram Kumar, Myanmar’s Minister of Planning and Finance, National League for Democracy, NGOs, NLD, notorious drug lord Peng Chia-Sheng, project proposal, Public Forum, Shwe Taung, Shwe Taung Conglomerate, Sino-Burmese businessman, The International Finance Corporation, Tycoon’s Mandalay Cement Project, us, US government, US government websites, US Patriot Act, US Treasury Department, WASHINGTON, World Bank head, World Bank policy, World Bank’s chief Jim Kim, World Bank’s private sector
