Myanmar second plan drawn up for a period of 5 years to support the economy

economy

 

Myanmar wording of the second five-year plan ( 2016-17 to 2020-2021 thousand ) aims to promote economic growth by encouraging investment in the public and private sectors through the manufacturing process, as reported by the agency Xinhua news.

myanmar economy


Xinhua reported that the Second Five Year Plan will be implemented in the mandate of the new government, which is expected to start in April next year, fiscal 2016-17.

In this article, President U Thein Sein, who is also the president of Myanmar ( MPC ) project proposal at the meeting of the Monetary Policy Committee in Nay Pyi Taw achieve collaboration between the public and private sectors (PPP) in achieving the objectives of sustainable development in the key areas of health and education and the supply of electricity.

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National Plan period and the second five-year plan of 20 long-term comprehensive national development ( NCDP ) from 2011-2031 should serve as a framework for future projects, U Thein Sein said.

Featured Article in the First Five-Year Plan 2011-12 to 2015-16, the priority of the monetary policy committee in the basic need for food, clothing and shelter to the public in line with the change of direction of the country, said U Thein Sein, emphasizing the need to implement things in the three months remaining before the end of the five-year plan First at the end of 2015-16, when the current government’s mandate expires and the new government takes office depending on the results of the November 8th elections.

Myanmar age 20 NCDP was framed by the current government in partnership with the United Nations Development Programme (UNDP) and the Asian Development Bank (ADB) and the Economic Research Institute for ASEAN and East Asia (ERIA).

The report added NCDP goal is to increase the country’s GDP to US $ 180 billion in 2030-31 and per capita GDP of US $ 3,000.

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