Myanmar Aims for Rise in GDP to 9.1 Percent by 2015


The Government of Myanmar under the leadership of President Thein Sein, aims to increase the economic growth from the current 7.3 percent Gross Domestic Product (GDP) to 9.1 percent in 2014-15 fiscal year.

President TheinSein has championed reform since taking the helm in 2011. Under his watch, business and governance have become more transparent, focusing on political reforms, economic progress, public management and private sector developments.The decentralisation of public management still remains one of the biggest challenges.

With the aim to match international standards and increase foreign investment, Myanmar now plans to concentrate on giving priority to seven development programmes, which include electricity, water, agriculture, employment generation, tourism industry, trade and financial services.

President TheinSein will also focus on rural development, in NayPyiDaw, using development aid, interest-free loans, foreign direct investment and technical assistance.

Myanmar must use the lessons it has learned from domestic reform to lead the country through a difficult environment in the year ahead, using a systematic management of development aid and by providing assistance to regions and states through interest-free loans, soft loans, foreign direct investment and technical assistance.