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!