Myanmar delegation visits OPIC
Last week a delegation of bank and government officials from Myanmar visited OPIC to discuss how OPIC can support investment in their country. The Southeast Asian country is the site of increased foreign investment in the wake of historic elections in 2010, which put it on a path toward more democratic rule.
In 2015, OPIC committed support to its first project in Myanmar with financing to Apollo Towers Myanmar, which has delivered nearly 1,800 multitenant cell towers across every province in the country. The project has helped to dramatically increase mobile penetration in this once-isolated country from less than three percent in 2010 to near 75 percent today.