Myanmar will make changes in order to reduce its poverty level by half to 16 per cent in 2014-2015, according to a joint forum held by Myanmar and Korea.
According to the UN Economic and Social
Commission for Asia and the Pacific (UN-ESCAP) data, the poverty rate
was 32 percent before 2010. In 2011, it declined to 26 percent. In order
to improve economic development of Myanmar, Myanmar is drawing up
strategies in political, economic, administrative, and private sectors
to reduce its poverty to 16 percent in coming 2014-2015.
Myanmar is a country which gets less
income and the capital investment is poor. We have shortages in
electric, drinking water, and sanitation. Infrastructures such as
health, education and other sectors have weaknesses. About 70 per cent
of Myanmar’s population engages in agriculture and animal husbandry.
Therefore, in order to improve the rate of productivity, the rural area
development and their economic development is more important. There is a
connection between rural area development and poverty reducing, said
Deputy Director Mya Than of Ministry of Cooperatives.
Since the new government had taken
office for 30 months, changes to political, economic, administration and
private sectors have been carried out for paving the way to democratic
society. The government is now giving more priority in people-centered
socio- economic development such as electricity, drinking water, water
for agriculture, small and medium enterprises, and industrial zones
during the remaining 30 months.
source: Eleven Myanmar
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