Myanmar Economic Recovery Plan-MERP Final Consultation and Presentation led by Working Committee to address the impact of COVID-19 on National Economy Virtual Meeting

 

THE meeting of final consultation and presentation on Myanmar Economic Recovery PlanMERP was virtually held by the Working Committee to address the impact of COVID-19 on the National Economy yesterday morning at Office No. (1), Ministry of Investment and Foreign Economic Relations.

The meeting was chaired by U Aung Naing Oo, Union Minister for Investment and Foreign Economic Relations as well as the Chairman of the Working Committee to address the impact of COVID-19 on the National Economy. Member of the Working Committee Deputy Ministers, from Ministry of Planning and Finance, Ministry of Labour and Ministry of Commerce, Deputy Governor of Central Bank of Myanmar and separate invitees Deputy Minister from Ministry of Investment and Foreign Economic Relations and representatives of the Ministries concerned attended the meeting.

In the meeting, the Chairman of Working Committee stated that the current Myanmar Economic Recovery PlanMERP is formulated, based on Sustainable Development Goals (SDGs) which is Global Development Agenda, ASEAN Comprehensive Recovery Framework (ACRF) and The Greater Mekong Sub-region COVID-19 Response and Recovery Plan (2021- 2023) as well as to be in line with road-map and Economic Objectives of State Administration Council in order to recover the National Economy affected by COVID-19.

In addition, the union minister expressed MERP is a framework including 10 Action Plans, 27 Expectations and 407 Action Lines will be kept as a living document. And it will be arranged for the relevant Ministries and organizations to update their implementation of the Action Plans if there is any change in the action plan. Although the Action Lines are for the shortterm and medium-term, it is also required to be linked with the long-term National Plan. The respective leading and implementing agency is needed to cooperate and organize with the other relevant ministries in order to implement MERP Action Plans as necessary. Monitoring and Evaluation will also be conducted by identifying Key Performance Indicator (KPI) in meeting with the targeted result of the implementation of the Action Plans. The task to identify KPI will be consulted with the concerned ministries and further release.

A detailed discussion on the Action Plans of the Myanmar Economic Recovery PlanMERP was presented by the Secretary of Working Committee Dr Wah Wah Maung, Director-General for Investment and Foreign Economic Relations. Afterwards, the participants discussed the draft plan and decided to proceed as per the procedures for further approval of the plan.

 MNA

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