Home MMBIZ News Myanmar to Hold 2nd Development Cooperation Forum

Myanmar to Hold 2nd Development Cooperation Forum

Myanmar will hold the 2nd Development Cooperation Forum in Nay Pyi Taw in the last week of January.

Organised by the Ministry of National Planning and Economic Development, the forum will discuss logistics and draft administrative arrangement, government officials said.

The forum will involve development partners, non-governmental organisations, social organisations and UN agencies.

The first edition of the Development Cooperation Forum was held in January last year, where economic and social reform framework and short- and long- term development plans were laid down.

Besides, cooperation for comprehensive development of Myanmar was also discussed with the release of Nay Pyi Taw Effective Development Cooperation Accord.

According to the accord, Myanmar is expected to take measures to generate more income at home and receive more international aid for development.

Development partners welcomed Myanmar’s target of increasing financial allotment for development and pledged more financial assistance for key sectors, especially poorly-funded ones.

They urged Myanmar government to use aid effectively in the reform process in a bid to keep the flow of international aid going.

President U Thein Sein urged recently to deepen cooperation between Myanmar and development partners in political and economic reform for “people-centred development” under the Economic and Social Reform Framework.

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