• Burmese
Sunday, June 22, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

US Delegation Looks to Boost Investment in Myanmar

Nan Lwin by Nan Lwin
October 28, 2020
in Burma
Reading Time: 2 mins read
0 0
A A
State Counsellor Daw Aung San Suu Kyi and Adam Boehler (left) of the US International Development Finance Corporation in Naypyitaw on Oct. 27, 2020. / State Coun-selor’s Office

State Counsellor Daw Aung San Suu Kyi and Adam Boehler (left) of the US International Development Finance Corporation in Naypyitaw on Oct. 27, 2020. / State Coun-selor’s Office

9.1k
VIEWS
Share on FacebookShare on Twitter

YANGON — After a two-day visit to Myanmar, a delegation led by a US development agency says it hopes to boost post-coronavirus investment in the country and increase reengagement given its strategic location.

The government delegation led by Adam Boehler, chief executive of the US International Development Finance Corporation (DFC), met State Counselor Daw Aung San Suu Kyi and the minister for investment and foreign economic relations U Thaung Tun and min-ister for planning, finance and industry U Soe Win and other senior figures in Naypyitaw.

The US Embassy in Yangon said DFC’s main agenda was to ex-plore investment opportunities and “underscore the long-term US commitment to invest in Myanmar’s economic development” to provide a strong foundation for the country’s continued democrati-zation.

RelatedPosts

Trump Unveils Website For $5 Million US Residency Visa

Trump Unveils Website For $5 Million US Residency Visa

June 12, 2025
495
Protesters, Police Clash in Los Angeles as Soldiers Sent by Trump Fan Out

Protesters, Police Clash in Los Angeles as Soldiers Sent by Trump Fan Out

June 9, 2025
264
Trump-Musk Alliance Melts Down in Blazing Public Row

Trump-Musk Alliance Melts Down in Blazing Public Row

June 6, 2025
520

A statement from Daw Aung San Suu Kyi said the two sides dis-cussed boosting bilateral relations and cooperation through the DFC’s investment and technical assistance.

According to the Ministry for Investment and Foreign Economic Relations (MIFER), DFC plans to invest up to US$60 billion (77.5 trillion kyats) in development projects in lower-income countries, including Myanmar. Boehler said it was time “to reengage and greatly increase the DFC’s engagement in Myanmar”.

The Indo-Pacific is a priority investment region, the DFC said.

The US delegation and their Myanmar hosts after a meeting in Naypyitaw on Oct 27, 2020. / MIFER

The embassy said the delegation met business leaders from the American Chamber of Commerce and discussed ways to improve market access and increase investment in Myanmar. The delega-tion included the chairman of the US Export-Import Bank and US government treasury, international trade and commerce repre-sentatives.

U Thaung Tun said Myanmar will welcome the DFC’s investment and invited the agency “to play a significant role in the country’s post-COVID-19 economic recovery”.

Naypyitaw is drafting its Myanmar Economic Recovery and Re-form Plan in response to the economic damage caused by coro-navirus, including measures to invite responsible foreign direct in-vestment and to develop more special economic zones.

Myanmar showed the US delegation an overview of potential in-vestment opportunities in the energy, agriculture and infrastructure sectors, MIFER said.

It added that the US delegation is keen to invest in IT, telecommu-nications and other areas of digital infrastructure.

As of September, the US was the 10th-largest source of foreign di-rect investment in Myanmar with nearly $330 million (426 billion kyats) invested in six enterprises since 2017, according to the Di-rectorate of Investment and Company Administration (DICA), the government’s investment agency.

According to DICA, Myanmar received nearly $5.7 billion (7.4 tril-lion kyats), around $110 million (142 billion kyats) short of its target in 2019-20. As of September, Singapore – which is often used as a conduit by other countries – is the largest investor in Myanmar, fol-lowed by China and Hong Kong.

You may also like these stories:

Myanmar Reaches 98% of Foreign Investment Target in FY2020 Despite COVID-19

Myanmar Receives 16 Proposals for New Yangon City Project

Your Thoughts …
Tags: finance and industry Soe WinForeign Direct Investmentminister for planningState Counselor Daw Aung San Suu KyiUS
Nan Lwin

Nan Lwin

The Irrawaddy

Similar Picks:

Myanmar Junta’s Yangon Economics Minister was Friends with Assassin Conspirator 
Burma

Myanmar Junta’s Yangon Economics Minister was Friends with Assassin Conspirator 

by The Irrawaddy
September 28, 2022
18.4k

Lieutenant Colonel Myo Myint Aung has been appointed to run Yangon’s economy, despite having a military background.

Read moreDetails
Elon Musk Calls for Closure of Radio Free Europe, Voice of America
World

Elon Musk Calls for Closure of Radio Free Europe, Voice of America

by Naung Naung
February 10, 2025
7.1k

The billionaire’s call to shut down the US-funded media organizations, which reach hundreds of millions of people globally, follows his...

Read moreDetails
KIA Seizes Three Key Myanmar Junta Outposts
Ethnic Issues

KIA Seizes Three Key Myanmar Junta Outposts

by Hein Htoo Zan
August 8, 2023
5.9k

The Kachin Independence Army said it has overrun two regime strongholds and one held by its Shan Nationalities Army allies.

Read moreDetails
Ex-Spy Chief and Business Cronies Donate to Myanmar Junta Chief’s Buddha Statue
Burma

Ex-Spy Chief and Business Cronies Donate to Myanmar Junta Chief’s Buddha Statue

by The Irrawaddy
July 28, 2023
5.5k

The world’s largest seated Buddha statue is due to be unveiled on Tuesday as cronies gather to shower the project...

Read moreDetails
US Red-Faced as Contractor Lists Myanmar Resistance Groups in Terrorism Index
Myanmar’s Crisis & the World

US Red-Faced as Contractor Lists Myanmar Resistance Groups in Terrorism Index

by The Irrawaddy
December 12, 2023
5.5k

State Dept. contractor Development Services Group (DSG)'s inclusion of ethnic armies and PDFs in an annex to a US global...

Read moreDetails
Will Trump Seek to Engage With the Myanmar Junta?
Guest Column

Will Trump Seek to Engage With the Myanmar Junta?

by Bertil Lintner
March 12, 2025
4.6k

Given the US president’s closeness to regime ally Russia, and the EU’s priority in Ukraine, Myanmar’s pro-democracy forces are in...

Read moreDetails
Load More
Next Post
A border police outpost in northern Rakhine State. / Kyaw Kha / The Irrawaddy

Arakan Army Kills Govt Troops in Raid Near Myanmar-Bangladesh Border

Myanmar’s first submarine, the Min Ye Thein Kha Thu, joins the Myanmar navy in the fleet exercise ‘Bandoola’ on Oct. 15. / Tatmadaw Information Team

Has Myanmar’s Submarine Purchase From India Hit a Nerve in Beijing?

No Result
View All Result

Recommended

Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

2 days ago
899
The Lady Myanmar’s Generals Can’t Defeat

The Lady Myanmar’s Generals Can’t Defeat

3 days ago
664

Most Read

  • Myanmar Junta Moves to Seize Sagaing Roads

    Myanmar Junta Moves to Seize Sagaing Roads

    shares
    Share 0 Tweet 0
  • Certifying a Chinese Security Invasion; Boosting Ties With Nuclear North Korea; and More

    shares
    Share 0 Tweet 0
  • Myanmar Junta Changes Election Law Ahead of Polls

    shares
    Share 0 Tweet 0
  • Residents of Myanmar Ruby Hub Speak Out as TNLA Mining Takes Toll

    shares
    Share 0 Tweet 0
  • Trade and Traffic from Thai Border Region Dwindle as Checkpoints Multiply

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.