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Analysis: The Myanmar Economic Recovery & Reform Plan

11 November 2020

The National League for Democracy (NLD) has won another large majority. We therefore take an in-depth look at the NLD’s most recent forward looking policy document on the economy and financial sector - the Myanmar Economic Recovery & Reform Plan (MERRP).

A draft version of the plan was recently published, and describes the government’s proposed approach to building financial stability and continued economic reform.

Like the Myanmar Sustainable Development Plan (MSDP) and the Covid-19 Economic Recovery Plan (CERP) before it, the MERRP consists of broad “goals” broken down into more specific “strategies” and yet more specific “action plans”.

The MERRP introduction by Daw Aung San Suu Kyi states that the goals are “a re-statement of our values and priorities, but written with the specific context of a COVID-19-affected world.”

That introduction also suggests the MERRP be read as “a relevant addendum and update to the Myanmar Sustainable Development Plan 2018-2030 (MSDP)”.

As the goals are broken down into many different action plans, we have broken down our coverage into different articles that group together action plans affecting the same sector or issue.

Our first two articles on the plan looked at the approach to macroeconomic stability, which will require shifts in the treasury bond market and the foreign exchange market.

Our second two articles looked at the plan for rural growth financing and enhanced access to finance across the economy.

Will cover other aspects of the plan in coming weeks.

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