The bank’s guidance was issued in a series of policy notes to help the country towards achieving inclusive growth as it emerges from decades of military and quasi-military rule into a period led by its first democratically elected government.
Ulrich Zachau, World Bank country director for Southeast Asia, said Myanmar was faced with a “great opportunity” to turn continued strong economic growth into better lives for its people.
Zachau said three policy directions will be key: public sector accountability; universal access to basic education, health and energy services; and further opening and diversification of the economy.
Currently, other than the budget, there is a lack of publicly available information on government spending priorities in Myanmar. Neither the budget or draft budget are submitted to parliament and audited financial statements of the government go unpublished. (Courtesy of Public Finance)
No comments:
Post a Comment