The Central Bank of Myanmar (CBM) announced plans on 8 July to set up a State Reconstruction Fund and offer low-interest loans to Micro, Small and Medium Enterprises (MSMEs) affected by the 28 March Mandalay Earthquake.
The quake impacted businesses in regions including Nay Pyi Taw, Mandalay, Sagaing, Magway, Bago, and northeastern Shan State. To aid recovery, CBM is working with the Central Committee for MSME Development and other institutions to expand loan access and improve digital payment systems.
Participating banks, including Myanmar Economic Bank and 18 private lenders, are disbursing affordable MSME loans under various programmes. CBM is also pushing for dedicated MSME departments in banks and enhancing digital transactions through platforms like CBM-NET and MMQR, launched in February 2025, to ensure faster and secure payments.
Source: The Global New Light of Myanmar