Ministry to take Loan of 100 m USD for Pregnant Mothers and Children Cash Assistance
Ministry to take Loan of 100 m USD for Pregnant Mothers and Children Cash Assistance
Eleven Myanmar, 01 Jun 2019
URL: https://elevenmyanmar.com/news/ministry-to-take-loan-of-100-m-usd-for-pregnant-mothers-and-children-cash-assistance
A proposal to take a loan of 100 million US dollars for the cash assistance program for pregnancy mothers and the children aged two, was submitted by the Ministry of Social Welfare, Relief and Resettlement, at the 12th regular session of the Union Parliament on May 31.
The Ministry of Social Welfare, Relief and Resettlement and the Ministry of Planning and Finance explained it at the Union parliament.
The Social Welfare Department at the Ministry of Social Welfare, Relief and Resettlement will mainly be responsible for the project. This is the ministry’s first-ever overseas loan, said Set Aung, Deputy Minister for Planning and Finance.
In a bid to develop the nutritional behaviors and strengthen the national healthcare system, the ministry will extend the cash assistance program in Shan State and Ayeyawady Region.
In September, 2018, the EIA, the SIA and community participation program for the project were conducted with the technical assistance of the World Bank. The project will be implemented from 2019-2020 FY to 2022-2030 FY.
The loan taken under the IDA-18 program of the WB, is the concessional loan.
The term of loan is 30 years with the five-year suspension period and the 25-year repayment period. The loan interest rate is 1.25 per cent and service fee is 0.75 per cent.
The Ministry of Social Welfare, Relief and Resettlement and the Ministry of Planning and Finance explained it at the Union parliament.
The Social Welfare Department at the Ministry of Social Welfare, Relief and Resettlement will mainly be responsible for the project. This is the ministry’s first-ever overseas loan, said Set Aung, Deputy Minister for Planning and Finance.
In a bid to develop the nutritional behaviors and strengthen the national healthcare system, the ministry will extend the cash assistance program in Shan State and Ayeyawady Region.
In September, 2018, the EIA, the SIA and community participation program for the project were conducted with the technical assistance of the World Bank. The project will be implemented from 2019-2020 FY to 2022-2030 FY.
The loan taken under the IDA-18 program of the WB, is the concessional loan.
The term of loan is 30 years with the five-year suspension period and the 25-year repayment period. The loan interest rate is 1.25 per cent and service fee is 0.75 per cent.