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Posts Tagged ‘Community Driven Development’ (1 found)

Hastily Introduced World Bank Projects Threaten to Undermine Peace Process in Burma

By Khin Ohmar

In late 2012 the World Bank announced its first lending to Burma (also known as Myanmar) in over 20 years. The $80 million grant, to be implemented by the Ministry of Border Affairs, is for community driven development (CDD) projects that are aiming to provide tangible benefits to communities, including those affected by decades of conflict in Burma. The concern among many grassroots activists, however, is that the areas to which this money will be funnelled are still in the earliest stages of the peace process, and that huge influxes of money will undermine efforts for sustainable peace.

On 22 January the Bank’s board will consider its second round of loans to Burma, through a $440 million development policy loan called the ‘Reengagement and reform support programme’. Its objectives are: “to support Myanmar’s critical reforms for strengthening macroeconomic stability, improving public financial management, and improving the investment climate” and to “facilitate the clearance of Myanmar’s arrears to IDA”. This money will flow through the ministry of finance […]

January 22, 2013  •  Tags: , , ,  •  Read more ➤