Myanmar: Unlocking the Potential – Executive Summary
After a series of bold social and economic reforms since its return to civilian rule in 2011, Myanmar has made a strong start on its journey toward peace, democracy, and prosperity, one that could put its troubled postwar history behind it.
After 3 years of historic reforms, Myanmar has entered a pivotal stage in its socioeconomic development. This executive summary highlights the achievements Myanmar has made and the many challenges and potential pitfalls that lie ahead.
In all reform efforts, the government should embrace good governance, and strive for inclusive, environmentally sustainable, and regionally connected growth. Ensuring that the benefits of growth are shared broadly and regionally balanced stands out in a crowded development agenda. Eight strategic pillars are presented to support the development mission and vision:
- Accelerating governance and public sector reform;
- Ensuring macroeconomic and financial stability;
- Creating a business-enabling environment;
- Leveraging rich endowments;
- Fostering internationally competitive sectors—manufacturing and services;
- Enhancing regional connectivity and integration;
- Promoting human development and poverty reduction; and
- Pursuing environmentally sustainable growth.