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Business and Development in Myanmar

A Policy Handbook for Private Sector Development

image of Business and Development in Myanmar
This handbook is to provide policymakers, business communities, development organizations, and other interested parties with a thorough overview of the private sector environment in Myanmar today. It outlines the challenges faced by businesses, elaborates on the nature of the challenges and why they are significant, and offers a set of recommendations to improve in order to foster greater development of the private sector, and the country as a whole. It is important to note that much of the excitement surrounding Myanmar stems from its 2011 shift towards greater economic openness to the rest of the world. Moreover, the upcoming ASEAN Economic Community 2015 is also likely to have a tremendous impact on the private sector in Myanmar. Hopefully this publication can serve as a reference for those seeking such information, and it can provide a wide-ranging understanding of the private sector’s current situation and how to help provide it with an equally-promising future.

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Conclusion

After enduring economic, political, and social instability, the recently convened civilian Government of Myanmar has set the country on a new development path. A number of reforms were introduced in order to accelerate the country’s economic growth and development. However, Myanmar remains one of the least developed countries in the world. Achieving the country’s economic and development goals requires the Government to undertake further reforms consistent with its recent measures. In particular, it is important to support the activities of the private sector, as the achievement of development goals is inextricably linked to the success of the private sector.

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