EU announces $1.1 billion in aid for Myanmar over 7 years

The European Union announced Monday it would send nearly 700 million euros in aid to Myanmar over the next seven years to boost the country's transition from army-led isolation to international player. -- PHOTO: AFP
The European Union announced Monday it would send nearly 700 million euros in aid to Myanmar over the next seven years to boost the country's transition from army-led isolation to international player. -- PHOTO: AFP

BRUSSELS (AFP) - The European Union announced Monday it would send nearly 700 million euros in aid to Myanmar over the next seven years to boost the country's transition from army-led isolation to international player.

The EU said Myanmar will receive 688 million euros (S$1.11 billion) from 2014 to 2020 to "reinforce support to the country's multiple transition," including help to develop rural areas and promote peace within the country.