December 21, 2015

Aung San Suu Kyi's Party Won't Push for Abrupt Economic Changes in Myanmar

By Shibani Mahtani

YANGON, Myanmar-- When it forms Myanmar's government next month, the National League for Democracy--led by Aung San Suu Kyi--plans to largely continue the economic policies of the outgoing military-backed administration and won't attempt to shutter businesses linked to the former ruling generals.

"We don't need abrupt changes; we want continuity between our government and the previous one," said Han Tha Myint, who chairs the NLD's economic committee, in an interview last week. "We don't need to turn the present bureaucracy upside down, but at the same time, will find ways to alleviate corruption."

The new emphasis on continuity underscores the somber realization by the party's cadre of octogenarian former dissidents that they will be limited in their ability to wipe away the vestiges of five decades of military rule. According to watchdogs, corruption and patronage still run deep and much remains controlled by the armed forces and their allies. Mr. Thein Sein and his top ministers said the elimination of corruption was their key economic goal--they passed an anticorruption law in 2013--but few people have been charged with graft and Myanmar is still ranked as one of the most corrupt countries in the world. (Courtesy of nasdaq.com)

No comments:

Post a Comment