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In 2011, his appointment as President Thein Sein's chief economic adviser surprised many Burma watchers, as he has a close relationship with Aung San Suu Kyi. [ 7 ] [ 8 ] 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 ...
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 ...
According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
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.
It is paid to all citizens and replaces the subsidies of petrol, fuel, and other supplies [31] that the country had for decades in order to reduce inequality and poverty. In 2010, the sum corresponded to about 40 U.S. dollars per person per month, 480 U.S. dollars per year for a single individual, which could reach to $2300 per year for a ...