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In May 2011, U Myint proposed the creation of an independent research center, the Myanmar Development Resource Institute (MDRI), in a paper entitled “Reducing Poverty in Myanmar: The Way Forward,” to combat poverty. [9] The institute was then founded by U Myint and other advisors to President Thein Sein. [10]
Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative. [1] [2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders. [2]
Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty , are those that raise, or are intended to raise, ways of enabling the poor to ...
The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]
The economic liberalization of Myanmar refers to the policy of liberalization orienting Myanma laws toward an open market economy. This process was initiated following the coup d’état of the Burmese junta in 1988 in order to transform the underperforming Burmese economy .
Myanmar is considered a lower-middle income state, and although there are areas in the country that are lagging there have been measurable improvements in terms of development since 2005. [1] The World Bank's current strategy in Myanmar is to focus on rural development.
The International Monetary Fund (IMF) is a multilateral agency that ensures the stabilization of the international economy through economic surveillance, provide short-term loans whilst trying to correct inherent economic issues, and assist in modernizing economies to the 189 countries they are accountable for.
Myanmar, [d] officially the Republic of the Union of Myanmar [e] and also rendered as Burma (the official English form until 1989), is a country in northwest Southeast Asia.It is the largest country by area in Mainland Southeast Asia and has a population of about 55 million.