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    MEDEX 2020 Market Update:
Myanmar Govt Stimulates Healthcare Sector with USD$100 Million
 
   
 
    Myanmar’s healthcare industry will receive a stimulus from the World Bank worth USD$100 million to fund various projects, according to an announcement by the Ministry of Health and Sports.

Deputy Minister Daw Mya Lay Sein announced the decision is to deliver qualified healthcare work to the country’s health sector. According to the previous loan in 2015, over USD$70 million was spent on improving Myanmar’s healthcare. USD$65 million out of the new loan will be utilised for healthcare development while the remaining USD$35 million will be spent on improving the national healthcare system.

 
     
   
 
    The expenditure took emergency care into account in the light of the ongoing COVID-19 pandemic which has significant impact in the nation’s economy. Despite the government’s announcement of having no confirmed cases of the virus within the country, Myanmar remains vigilant and will not hesitate to utilise part of the loan to exercise control and containment of the aforementioned pandemic.

The USD$100 million loan carries an annual interest rate of 1.25% and a service fee of 0.75%. With a 5-year grace period, the Myanmar government has agreed to a 25-year repayment term. This stimulus will help bring back thousands of jobs, businesses, and opportunities in one of Southeast Asia’s competitive economies.

Be a part of this growing economy by joining MEDEX 2020 – Myanmar’s No.1 International Medical & Pharmaceutical Equipment & Supply Exhibition! Taking place from 1-3 October 2020 in the Tatmadaw Hall in Yangon, MEDEX 2020 will feature the latest products covering Medical Technology, Diagnostic Equipment, Pharmaceutical Supplies among other related sectors. Discover the latest products and innovations while engaging in relevant discourse during the 3-day expo. Contact Thiri at thiri@ambtarsus.com or Nick at nick@ambtarsus.com to get started on booth registration.
 
       
   


 
               
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