US to increase investment in Myanmar in post-Kovis era

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The United States will increase its investment in Myanmar in the post-Kovis period, said Adam Bowler, chief executive of the International Development Finance Corporation (DFC).

The DFC is a US financial institution established in 2019 under the Better Utilization of Investments Leading to Development Act (BUILD) by the US government. Health It was formed to help address the challenges facing infrastructure development and technology. Telecommunications; He discussed the potential for cooperation between the United States in the tourism and gas sectors, and called on the United States to continue to provide the necessary technical assistance to boost Myanmar’s investment sector.

A US government delegation led by Adam Bowler, Chief Executive Officer of the International Development Finance Corporation (DFC), made the remarks during a meeting with Union Minister for Investment and Foreign Trade in Thaung Tun in Naypyidaw.

In addition, Myanmar’s small and medium enterprises The two sides discussed the readiness to provide technical assistance for market access and human resource development for small and medium enterprises and to further expand bilateral relations.

Deputy Minister of Electricity and Energy; Permanent Secretary, Ministry of Foreign Affairs The Director General of the Department of Foreign Economic Relations and government officials attended the meeting. Ministry of Finance Ministry of Commerce Ministry of Foreign Affairs Senior officials from the Ministry of Energy and the US Embassy in Rangoon also attended. More than $ 60 billion is expected to be invested in new technologies.