Myanmar’s parliament has approved a plan to borrow an agricultural loan of K500 billion ($520 million) from the central bank and $20 million from the World Bank for the Ministry of Education.
However, the Parliament did not approve a proposal from the Ministry of Agriculture and Irrigation for a $136 million loan from the International Fund for Agricultural Development (IFAD) due to a controversy over the proposed project sites, Speaker Thura U Shwe Mann told the Parliament.
While lawmakers agreed with the proposal in principle, the Speaker decided to shelve it due to a lack of clarity over project locations.
The parliament also passed the 2014 writ petition bill and decided to continue discussion about the anti-terrorism bill on the first day of resumption of its 10th session last Wednesday.