11 Sep

A plan is underway to provide the loans to the people engaged in the film, music, theatre, periodical and media fields under separate programmes, according to the committee to remedy the economic impacts caused by the pandemic. This plan was discussed at the meeting 9/2020 held on 9 September in Nay Pyi Taw. The government is making the necessary effort to remedy the impact of COVID-19 from different aspects.

According to the data on 4 September, the government provided K71.103 billion for the first time, K218.112 billion for the second time, K113.535 billion for the third time to the lower-income households. The government also offered K92.612 billion for agriculture and livestock sector through the Ministry of Agriculture, Livestock and Irrigation, K35.923 billion to the public including the older adults, pregnant mothers, conflict victims and persons with disabilities through the Ministry of Social Welfare Relief and Resettlement and K267.903 billion for health sector through the Ministry of Health and Sports.

Moreover, a total of K1908.085 billion were also provided including K100 billion each to restaurants and teashops and SME businesses, K200 billion from COVID-19 fund, K600 billion to the local farmers through Myanmar Agricultural Development Bank, K107.379 billion for meter bill for April, May and June 2020 and K1.518 billion for meter bill for the residents from Taninthayi region. By doing so, the economic impacts affected by the pandemic can be remedied in time, said Union Minister U Thaung Tun of the Ministry of Investment and Foreign Economic Relations, Chairman of the committee to remedy the economic impacts caused by the pandemic. Then, the committee also discussed matters regarding providing loans for the second time in September after scrutinizing and drawing a necessary plan to remedy the economic condition affected by the COVID-19.

By Nyein Nyein (Translated by Hay Mar)