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Friday, May 3, 2024

Myanmar maps out recovery and reform

The Myanmar government is putting the finishing touches on an ambitious new economic recovery and reform plan. To be announced during the current transition period following the Nov 8 elections, it will be part of the strategic plan for the next five years.

The “recovery and reform roadmap” will guide the formation of economic policies to be rolled out for the next few years, a senior economic official told Asia Focus, asking not to be identified.

Government agencies and ministries are now undertaking “comprehensive consultations” before the final document is unveiled in the next few weeks. This is the final stage of the process, which followed consultations with international financial institutions — the Asian Development Bank and the World Bank — plus foreign donors and local chambers of commerce.

The Myanmar Economic Resilience and Reform Plan…

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