Post on 27-Mar-2015
Dr. Wah Wah MaungDeputy Director General
Foreign Economic Relation Department
Ministry of National Planning and Economic Development
The Republic of the Union of Myanmar
Brief Report on the Implementation of the Istanbul
Programme Action for LDCs: The Republic of the Union of
Myanmar
Istanbul Plan of Action Implementation WorkshopNew York, United States of America
(Oct 15-17, 2012)
Changing EraAll aspects of reforms: Political, economic, social, institutional
Practicing elements of Democratic System
According the speeches of the PresidentGood GovernanceTransparencyAnti-corruptionCheck and BalanceUtilizing Public Finance effectively and efficiently
political dialogue with Daw Aung
San Su Kyi,
free and fair bi -election,
release of prisoners,
developing civil society in Myanmar,
free discussion at the parliamentary
meeting,
invitation of the exiles back to our
country, policy consultation with
multi stakeholders for the national
development,
A series of political and economic reforms
A series of political and economic reforms
promoting freedom of journalism and its
associations,
peace peace talks with ethnic armed
groups
implementing national level projects of
rural development and poverty reduction
conducting macroeconomic reforms
First Stage of Reform Process
Second Stage of Economic Reform
actively engaged in building a new, modern, developed and democratic nation
necessary to strengthen systematic market economic system
to accelerate the pace of economic development
getting out of poverty trap
Our Vision
Our economic policies
We have changed out from centralized to decentralized one.
Regional plans are formulated by regional and local governments
Our ministry is also finalizing 5 years Plan (from 2011-12 to 2015-16)
also planning to draw National Comprehensive Development Plan ( NDCP- 2011-2030)
Changing planning system
National Planning
For the formulation of National Development Plan
Future National Plans
Comprehensive National Development Plan (Long term development plan)
Quick wins for short term
But, quick wins are also important.Poverty intended to reduce 2 % per year
Short term therapy ?Matching short term plan/ program of donors as well as project duration and type of support with our priority areas and regions
Since our economy is based on agriculture sector, it is necessary to maintain for the momentum of agriculture to fulfill world food security
Sharing our agricultural products to the global community. Moreover, it will also provide national food security as well as for the rural development and poverty reduction
Since 70 % of our population residing in the rural area and 50 percent of the people are engaging in those agricultural activities.
Apart from that, according to the development experiences of different countries, it cannot be developed without industrialization process. That is why we are establishing Special Economic Zones for promoting industrial sector.
Sustaining Agriculture towards Industrialization and All round
Development
Since our country is a Union Nation, it is necessary to focus balanced and equitable growth among the states and regions.
development paradigm has already shifted we need to focus human development to
improve the quality of life inclusive growth for entire population to
realize people-centered development Human development index of Myanmar
Focusing balanced and equitable growth
Correct ing our statistical system for ensuring quality data which reflect the real situation.
National census in 2014 To implement all those policies, it is necessary
to nurture human resources and establish education process
To create new institutions, use new technologies, cope with their environment, and alter their patterns of behaviour
We need an education system that improves the capabilities of individuals and capacity of institutions.
Quality data
Business laws, rules and regulations for the company registration are being amended and improve for the faster processes.
Some laws, rules and regulations are to be amended and some laws will be enacted
Foreign Direct investment Law amendedRevised Foreign Investment Law and it will create
more economic opportunities and business friendly environment.
Special Economic Zone Law, Dawei SEZ LawNecessary law such as Competition Law, Consumers
Protection Law are also under process.
Trade and Investment as the engine of growth
Stakeholders for Development
Trade and investment policies reforms
Changes in trade and foreign exchange policies were aimed at transforming the economy from a state sector dominated socialist economic system to a market-oriented economic system.
The role of the private sector in external trade was expanded sharply.
Border trade expended.Import, export licensing and Company
registration procedures are eased
Banking SectorInterest rateTaxation policiesManaged float: Exchange rateBanking sector reforms: More private
banks, more financial services are allowedTechnical Assistance: IMF, WBCapital Market Development: Daiwa
Exports, Imports and DutiesSr. Particular 2011-2012
( Million kyat)
2012-2013(April-June)
( Million kyat)
1. Domestic Export 8266.2 2081.6
2. All Export ( including re-export)
9135.6 2223.4
3. Import 8325.6 1901.9
4. All Import ( includes draw-back items)
14130.1 6635.3
5. Custom Duties ( Normal Trade)
115372.4 79368.0
6. Custom Duties ( Border Trade)
14130.1 6635.3
7. Custom Duties (All) 129502.5 86003.3
A total of 456 foreign enterprises in 12 sectors from 31 countries were permitted with the total pledge amount of USD 40424.07 million up to 2012, March.
China is the 1st leading investor Thailand and Hong Kong are taking place in
2nd and 3rd respectively. power sector - 40.30%, oil & gas sector- 38.31 %mining sector- 7.75%
Investment
Program for the Poverty ReductionTo achieve the MDGsInstitutional mechanism for eight tasks(a) Development of agricultural production sector(b) Development of Livestock sector(c) Development of rural productivity and cottage
industries(d) Development of micro saving and credit
enterprises(e) Development of rural cooperative tasks(f) Development of rural socio-economy(g) Development of rural energy(h) Environmental conservation.
Reducing the half of poverty line in 2015.
We have set our target to reduce the half of poverty line in 2015.
Currently it is now 26% is below the poverty line
trying to reduce until 16 % in 2015. In that case, we need more cooperation
not only from regional community but also from global community.
Aid Effectiveness
Sources of Finance: Consideration for the best allocation of the sources of finance
Sources of finance
Paris Declaration on Aid Effectiveness
Aid Effectiveness Mechanism
Matching between Needs & Grant/ Aids
Aid Effectiveness Management Institution
formed Central Aids Effectiveness Management Committee which is chaired by the President to utilize the aids, grants and loans effectively and efficiently.
We also have formed Socio-economic Advisory Council which includes civil society organizations, private sectors and academicians.
Planning Commission also has been formed to systemically implement the projects and to ensure balance growth among the regions.
Aids Effectiveness
We are ready to cooperatenow closely working with ADB, IMF, World Bank
and WTO And we are also closely working with UN
organizations and its affiliates and INGOs for the rural development and poverty reduction in Myanmar.
We very much welcome the removal of economic sanctions from EU and US.
Cooperation with regional economy as well as
international economy
As a member in the family of nations,
Myanmar will be participating more actively in the activities of the United Nations in various fields.
Standing as a responsible and respectable nation on the world stage
take the challenges of the 21st century in a bold and resolute manner
Myanmar should be viewed from a different and new perspective
It is also necessary for us to be able to work in a more conducive and favourable environment than never before.
Implementation of Istanbul plan of actions
Reforms: in line with the Implementation of Istanbul plan of actions
government is taking ownership and leadership for our own development.
An integrated approach is also applied with the participation of all stakeholders including international community.
Peace and security, development and human rights are also promoted by conducting political, economic and institutional reforms
committed to carry on for the sake of our people as well as to achieve MDGs and to actively contribute towards the maintenance of international peace and security.
Looking forward closer cooperation with United Nations for Normal
Country Program in Myanmar and many thanks for the Human
Development Initiatives and technical assistances that contributes towards national development of Myanmar.
Appreciation to UN
Thank you for your kind attention!