Dutch development bank FMO to invest $13.5m in Myanmar's Mandalay city

Dutch development bank FMO to invest $13.5m in Myanmar's Mandalay city

Mandalay, Myanmar

Dutch development bank FMO has proposed a €12-million ($13.5 million) investment to help develop Mandalay City, Myanmar’s second-largest city, through the Mandalay City Development Committee, according to a disclosure.