Developments in Myanmar
WASHINGTON, February 1, 2021
Updated February 19
The World Bank Group is gravely concerned about the ongoing situation in Myanmar following the events of February 1, which constitute a major setback to the country’s transition and its development prospects.
Effective February 1, we have temporarily put a hold on disbursements on our operations in Myanmar, as we closely monitor and assess the situation. The World Bank Group’s internal policies and procedures lay out processes in these situations which we are following carefully. We are putting in place enhanced monitoring of projects that are already underway, to ensure compliance with World Bank Group policies.
For the last decade, the World Bank Group has been a committed partner in supporting Myanmar’s transition to democracy, and its efforts to achieve broad-based sustainable growth and increased social inclusion. We remain firmly committed to these goals and to the development aspirations of the people of Myanmar.