GO FOR GROWTH, WORLD BANK TELLS MYANMAR
2016-03-03 10:06:06 / Myanmar Lighting Exhibition
YANGON — Myanmar’s economy has the potential to grow at around eight percent per year over the next five years, according to the World Bank, which has issued a series of policy notes that it says should be priorities to further grow the country’s economy.
“Myanmar is at a historic milestone in its political and economic transition,” said Ulrich Zachau, World Bank director for Southeast Asia. “The great opportunity for Myanmar is to turn continued strong economic growth into better lives for all the people of Myanmar,” he said.
The policy notes, called All Aboard: Policies for Shared Prosperity in Myanmar say that inclusive growth can be best achieved by focussing on three areas: diversifying and further opening the economy, programs that allow access to healthcare, education and reliable energy for all, and transparency and accountability in the public sector.
Speaking at the launch of the policy notes in Yangon on February 23, Habib Rab, a senior economist for World Bank, said that Myanmar has the potential for huge growth in the near future.
“The economy has expanded by seven percent in real terms, one of the strongest in the region. There is an opportunity to make that growth more inclusive,” he said.
Myanmar has seen an increase in its health and education spending since reforms began in 2011, but it still remains one of the lowest in Southeast Asia.
Source: Frontier Myanmar
More News
- Taiwan Select Pavilion Presents 29 Exhibitors Across 378 sqm; Director-General Han Kuo-yao Visits VietnamPlas in Support Vietnam Plas (HCM) / 2026-09-09 15:51:07
- 【Early Bird Offer】2027 Asia Healthcare & Medical Cosmetology Expo | Exhibitor Registration Now Open! Asia Healthcare & Medical Cosmetology Expo / 2026-09-02 09:36:12
- 【Early Bird Offer】BIO Asia–Taiwan Exhibition 2027 | Exhibitor Registration Now Open! BIO Asia-Taiwan Exhibition / 2026-09-01 13:23:55
- CIMIF, CTG & CambodiaPlasPrintPack 2026: A Window into Cambodia’s Long-Term Market Potential CTG / 2026-08-28 14:21:34
- 【Application Closed】Foreign Buyer Incentive Program Now Open Taipei Int'l Industrial Automation Exhibition / 2026-08-03 10:48:23
- Beware of Fraud and Impersonation CPPP / 2026-07-23 14:02:37
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-07-07 09:32:00
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi Print Pack / 2026-07-07 09:31:07
- Booth registration for ATLife 2027 opens now! Assistive Technology for Life / 2026-06-29 09:31:55
- Look At my P.P.P.I.C Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-19 10:29:21
- Look At my P.P.P.I.C Hanoi Print Pack / 2026-06-19 10:10:14
- Intelligent Asia Hanoi 2026 | TAIWAN SELECT — Electronics & Smart Manufacturing Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-15 15:19:13
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-05-12 09:59:54
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi Print Pack / 2026-05-12 09:57:44
- Get Ready for BTKG 2026 – Event Schedule Revealed! Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-05-08 17:02:16
- BTKG 2026 Pre-show Press Conference Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-25 20:34:34
- On-Site Activity - Halls Hunter Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-23 15:37:15
- On-Site Activity - Post & Pour Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-15 15:17:18
- Transforming Next-Gen PCBs: Advancements in Materials, Processes, and Innovation Intelligent Asia Thailand / 2026-03-03 12:49:31
- IPF Bangladesh 2026 Sets New Milestone with 29,274 International Visitors Bangladesh Int'l PLASTICS, PRINTING & PACKAGING Industry Fair / 2026-02-25 16:23:37