The Myanmar Project Bank enhanced the effectiveness, coordination and transparency of public investment projects in Myanmar
To create a transparent system that links major investment projects with appropriate sources of finance
An interactive, web-based platform that highlighted investment projects that supported the implementation of the Myanmar Sustainable Development Plan 2018-2030
129 projects listed, totalling US$27B in costs (prior to 2021 coup)
The Government of Myanmar, supported by GIZ (prior to 2021 coup)
Better coordination for major investment projects
Coordination between government agencies and funding partners can be a challenge when it comes to major investment projects. That's especially true when the projects span multiple locations, sectors and sources of financing. The Project Bank platform made digital project management more efficient by defining a clear framework for managing major, transformative investment projects and their data.
The interactive, online database was publicly available and included key data on proposed infrastructure projects which are pre-screened, appraised and prioritised to ensure they contribute to the long-term development of the nation.
The program has became a vehicle for better governance, a creator of opportunities for collaboration, and an influential driver in achieving development and economic outcomes.
Projects were assessed based on social, environmental, economic and risk indicators, as well as their overall strategic impact towards achieving objectives outlined in the Myanmar Sustainable Development Plan. This meant that, upon publication, they were ready for implementation as soon as an appropriate source of financing is secured - whether that be through the national budget, Official Development Assistance (ODA) or private sector financing.
Better partnerships with investors & development partners
The Project Bank platform made government information publicly accessible so that investors and development partners could access accurate data and identify how they could best contribute to projects. The Myanmar Government benefitted from increased opportunities to secure funding.
Citizens of Myanmar also had access clear and detailed information on how each project aligns with national development objectives, contributing to a more transparent system for all.
Interested in seeing how it all works? Visit the platform for yourself.