World News

World Bank Announces Development Aid for Burma

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The World Bank has unveiled a $2 billion investment package for Burma to improve access to energy and health care.

Bank president Jim Yong Kim announced the financial program while visiting a community health clinic in Rangoon Sunday. It is Kim's first visit to Burma, also known as Myanmar.

Kim says the bank's support for Burma's reform effort is intended to help the government bring benefits to poor people more quickly.

The bank says more than 70 percent of Burmese do not have access to reliable electricity. Kim says expanding access to electricity can help transform society and bring an end to poverty.

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