EU uses MyanKu fund to assist unemployed workers in Myanmar’s garment factories
The Myanmar Times reported that the EU will provide an additional 5 million euros (approximately 7.9 billion kyats) from its MyanKu (MyanKu means quick assistance) fund to assist during the COVID-19 epidemic. Workers who have lost their jobs due to factory closures and layoffs. The EU has currently provided a total of 10 million euros to support the majority of unemployed female workers in the industry. About 60,000 workers have received financial assistance since the funds were first released last year.
In May 2020, the European Union paid 108,320 pieces of cash assistance to more than 60,000 garment factory workers in various provinces and states in Myanmar. 84% of beneficiaries are women, with the greatest support being given to pregnant workers and workers with little or no severance pay. Almost all cash payments are successfully made through the mobile payment platform Wave money. The EU MyanKu Fund expansion phase will be active from January 2021 to February 2022. The EU said financial support for laid-off factory workers remains a key feature, but it is moving further toward aiding unemployed pregnant workers and those with children under 10. Migrant workers and workers willing to complete skills training programs will also be supported.
The scope of nutritional expert support services is also expanding, with 2,000 women receiving maternal consultation and direct nutritional support from doctors under the project.
The average monthly payment per beneficiary in 2020 is 75,000 kyat. Recipients say it is the only income they have received during the coronavirus pandemic. MyanKu was established by the EU in April 2020 as a rapid response measure to mitigate the economic impact of COVID-19 on Myanmar’s predominantly female garment workers who have lost their jobs due to the crisis.
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