China Pushes BRI Projects As Myanmar Rolls Out COVID-19 Economic Relief Plan

Description: 

"China’s ambassador to Myanmar pushed on Wednesday to gear up for the implementation of Beijing’s key infrastructure projects in Myanmar despite the fact that both countries’ economies are facing a significant slowdown due to the effects of the COVID-19 pandemic. Chinese Ambassador to Myanmar Chen Hai and Myanmar’s Deputy Minister for Planning, Finance and Industry U Set Aung met for ‘in-depth discussions’ Wednesday on the implementation of outcomes from Chinese President Xi Jinping’s visit to Myanmar in January, according to the Chinese Embassy in Myanmar. The Chinese Embassy said that the two discussed how to move forward on the development of China’s ambitious projects in Myanmar based on the Myanmar government’s COVID-19 Economic Relief Plan (CERP). The projects discussed included New Yangon City, Kyaukphyu Deep-Sea Port and Industrial Zone and the China-Myanmar Border Economic Cooperation Zone. Launched last week, the CERP seeks to mitigate the economic impact of the pandemic by implementing new measures and response plans. The measures include steps to expedite the solicitation of strategic infrastructure projects and to approve and disclose large investments by reputable international firms that may be currently experiencing delays, through fast-track procedures..."

Creator/author: 

Nan Lwin

Source/publisher: 

"The Irrawaddy" (Thailand)

Date of Publication: 

2020-05-07

Date of entry: 

2020-05-07

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good