The master plan for Myanmar’s expressways and arterial roads, meanwhile, was created in partnership with the Korean International Cooperation Agency and a consortium of Korean engineering firms between 2013 and 2015. U Thaung Tun, Myanmar’s Minister for Investment and Foreign Economic Relations, said in January that infrastructure is one of the biggest challenges that the current government faces. But he said the country can take advantage of its strategic location at the intersection of two of the world’s most important emerging markets, China and India. Democratization as well as national peace building and reconciliation have proven to be lengthy and challenging processes. Myanmar’s economic outlook is positive with growth projected to further accelerate to 6.7 percent in by 2020/21. admin - December 29, 2017 . The World Economic Forum Global Competitiveness Report (2013) ranked the overall quality of infrastructure in Myanmar 146th out of 148, suggesting it is necessary for the government increase the number of construction and provision, as well as to improve the quality of infrastructure. In late July, panic swept Yangon and parts of Myanmar as news of an “outbreak” of H1N1 erupted on social media. POLICY CHALLENGES IN IMPLEMENTING NATIONAL DEvELOPMENT PLANS: MYANMAR Summary of the medium-term development plan: Balanced economic growth, social development and better statistics Although Myanmar has a history of national and sector development plans, it has introduced new medium- and long-term planning tools with its liberalising reforms.

Myanmar’s development challenges are significant and require sustained attention and support. 6) Major infrastructure. It facilitates trade, connects markets, enhances mobility, and boosts productivity. Infrastructure is critical for economic growth. Elliot Brennan examines Myanmar’s health system, its successes and challenges. Projects are advancing in other sectors too, such as oil and gas, telecommunications, and infrastructure. It calls for more than 34,000 km of highway and road development by 2035. Academia.edu is a platform for academics to share research papers. Infrastructure Deficit Economic liberalisation in Myanmar has not been without challenges. The government of Myanmar developed various pieces of legislation, such as the Central Bank of Myanmar Law (2013), to address the country’s need for better infrastructure, but Myanmar does not have the capacity to improve … RT033 - Development challenges in Myanmar Convened by Elin Bjarnegård (Department of Government, Uppsala University, Sweden)

Climate change is another major challenge for the development of Myanmar. Meeting deficits in infrastructure and human On November 20, Economist Corporate Network and Baker McKenzie produced “ B u i l d i n g M y a n m a r : Bridging the Infrastructure Gap” report. Following macroeconomic stabilization in prices, interest rate and exchange rate, Myanmar economic transition will require substantial investment in physical and social infrastructure, development of human capital and improvement of social services. This followed a press conference where Myanmar’s Ministry of Health announced that two people had died from H1N1, commonly known as swine flu.

No doubt there are challenges and questions which foreign investors want answers to. The government is focused on sustaining that momentum, but significant challenges remain. Infrastructure Gap Challenges Myanmar Economic Development. It is one of the world’s most disaster-prone countries, exposed to multiple hazards, including floods, cyclones, earthquakes, landslides and droughts. that Myanmar can consider in moving towards a successful economic transition.

A plan for economic development, and building roads, bridges and other infrastructure has been submitted to parliament. Ageing road and rail networks, urban and port congestion, and a lack of multi-modal connectivity have made rising transport costs a major impediment to new foreign investment. While there has been significant growth in the country’s paved road network, the vast majority of the network – around 60% […] There is pent up demand for infrastructural development The risks of investing in Myanmar Genuine development will only come to Myanmar …

Growth will be supported by building reform momentum, planned large infrastructure projects and investment in sectors undergoing liberalization.

Myanmar has made enormous strides in integrating into the global community and promoting economic development.