Nay Pyi Taw, September 30, 2019
Members of the Development Assistance Coordination Unit (DACU) hosted a meeting with Myanmar’s Development Partners, including representatives from the Cooperation Partners Group (CPG), Local Resource Center (LRC) and INGO Forum on the 30th of September 2019 at the Park Royal Hotel in Nay Pyi Taw.
Opening the event, H.E U Thaung Tun, Union Minister of Investment and Foreign Economic Relations and DACU Vice Chair noted Myanmar’s economy is expected be the 3rd fastest growing in the region in 2019, partly due to a significant increase in flows of Foreign Direct Investment. H.E. U Thaung Tun stressed the need for continued quality investments that would make a positive, sustainable and inclusive improvement in the lives of Myanmar’s people, and that respect for human rights must become and remain an integral part of doing business in Myanmar.
H.E U Soe Win, Union Minister of Planning and Finance and DACU Vice Chair echoed H.E. U Thaung Tun’s remarks while noting that many of Myanmar’s economic challenges have historical legacies and that Myanmar was appreciative of support offered by the international community. H.E. U Soe Win also noted recent efforts which have sought to do away with unnecessary rules and regulations and in doing so, create a more investment enabling environment.
H.E. U Set Aung, Deputy Minister of Planning and Finance then led a dialogue centered around preparations for the upcoming Development Effectiveness Roundtable (DER) tentatively scheduled for early December 2019, revisions to the Myanmar Development Assistance Policy (DAP) and exchanged views as to how best to restructure existing Sector Coordination Groups to achieve greater alignment with the Myanmar Sustainable Development Plan (MSDP).
Participants agreed to form a Joint DER Organizing Committee to speed up DER preparations and to continue sharing experiences with regard to effective SCG functioning.
Regular meetings between the DACU and Myanmar’s Development Partners provide the Government of Myanmar with an important opportunity for multi-stakeholder dialogue in order to improve the quality, transparency, timeliness and effectiveness of development assistance provided to Myanmar.