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Myanmar Highlights

COVID-19: Myanmar Relief Measures

COVID-19: Myanmar Relief Measures

Myanmar has taken action against the impacts of COVID-19 on the Myanmar economy by announcing measures such as the COVID-19 Fund providing loans to hard-hit industries and extension of tax payment periods.

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Apex Bank Limited to provide uncollateralized loans to SMEs

Apex Bank Limited to provide uncollateralized loans to SMEs

Myanmar’s Apex Bank Limited (“MAB”) has announced it will provide uncollateralized loans to Myanmar’s small and medium sized businesses (“SMEs”). The lending programme is being implemented in cooperation with German state-owned development bank KfW (formerly KfW Bankengruppe). Loan amounts will be based solely on companies’ income and expenditure and have an interest rate of 8.5%.

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