Myanmar’s Suu Kyi urges transparency in economic system

Nay Pyi Taw: Myanmar State Counsellor Aung San Suu Kyi has called for transparency and accountability in economic systems to relieve the concerns entrepreneurs may have, an official report said on Sunday.

Meeting with entrepreneurs and development partners here on Saturday, Suu Kyi called for more development initiatives to help citizens develop, stressing the importance of the measure introduced for national development in the long run, Xinhua News Agency reported.

She emphasised the importance of the prevalence of law to to attract foreign investors, inviting government members, donors and local entrepreneurs to get involved in formulating the national economic policy.

She expressed the government’s commitment to modernising the agricultural sector of the country in the economic policy, pointing out that the majority of the country’s citizens are dependent upon the sector.

Honouring local successful businessmen, including top 158 tax payers, Suu Kyi stressed the importance of paying tax.

To fight corruption, Suu Kyi urged people to make a formal complaint of any issue to her office directly or to the ministries concerned.

For rapid economic development, Suu Kyi called on the participants of the meet to help the new government, disclosing that the government has formed a committee with donor nations, donor organisations and development partners who want to help the country grow.

Suu Kyi also urged the members of the meeting to grab the opportunity that has come with the US’s recent lifting of economic sanctions, saying that will contribute not only to the development of the country but also to the region and the world.

She highlighted the interdependency of economic growth and political progress, saying economic growth leads to sustainable political progress, and political progress results in economic stability.

The meeting also had diplomats and businessmen in attendance.