August 19, Nay Pyi Taw

The eighth meeting of the Working Committee to address the impact of COVID-19 on the country’s economy was held via video conference this morning.

The meeting was chaired by U Thaung Tun, Union Minister for Investment and Foreign Economic Relations. Members of the working committee Union Minsters, U Soe Win and Dr. Than Myint, Governor of the Central Bank of Myanmar, U Kyaw Kyaw Maung and representatives of the Ministries concerned took part in the meeting.

The meeting discussed matters relating to the expeditious processing of the loan applications for the second 100 billion kyats funded by the state and the prompt disbursement of the loans to the enterprises by the Myanmar Economic Bank and the private banks that have agreed to assist in the task.

It is learnt that to-date over 10,200 applications for loans have been received by the committee via the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), CCI of States and Regions and directly on-line.