European Union Myan Ku Fund launches
The European Union will contribute 5 million EUR for rapid financial assistance to garment sector workers laid off amid the recent economic fallout from the CoVID-19 epidemic. The SMART Textile & Garments project team will be working with Wave Money on this UNOPS managed project. The EU Myan Ku Fund (this means 'quick assistance' in Myanmar language) will distribute emergency mobile money transfers to tens of thousands of affected garment workers across Myanmar.
The EU Myan Ku Fund will be operational from May 1st, 2020 and cash disbursements shall be distributed from then until July 31st, 2020.
Full press release available below:
