Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Myanmar opening new economic era: Thein Sein

Myanmar,Business/Economy, Fri, 01 Feb 2013 IANS

Yangon, Feb 1 (IANS) Myanmar President U Thein Sein Friday said his country is opening a new economic era and will use new international loan assistance in a transparent manner for public interest.

Noting that Myanmar could reduce international debt of over $6 billion after successfully coordinating with major donor countries, Thein Sein recognized in his speech on radio to the nation the help of Paris Club member countries including Norway and Japan, reported Xinhua.

Thein Sein said: "Funds of dollars in millions will be used for standing tall as a responsible country, poverty alleviation for country development, construction of schools, hospitals, roads and bridges, power generation and supply of potable water."

Underlining that Myanmar could take an important step towards re-entry into international monetary market and economic community, Thein Sein said the progress is also a first step to take Myanmar out of Less Developed Country (LDC) list.

He outlined that plans are underway for development of small and medium enterprises (SME) which is crucial for economic development and poverty alleviation.

Attributing the present political achievement to collaboration of the government, the parliament, the armed forces, civil society organizations and the people, Thein Sein said: "Democracy cannot be practiced just by holding elections. It means the knowledgeable entire people can make their own choice without suppression and restrictions."

He revealed government's intention to resurrect the civil society organizations that took an important part in successive eras.

He specially emphasized political stability, internal stability and national unity to make success of reform efforts.

He warned that it is high time to enter negotiation table and find solution to stop loss and damage and establish genuine peace with regard to internal armed conflicts.


LATEST IMAGES
PM Modi releasing the digital version of Ramcharitmanas
Chief Minister of Punjab calling on the PM Modi
A group of girl students from the Vatsalya Gram Vrindavan tied Rakhi on PM Modi
President of India with the artists after witnessing a performance
President with the Children, on the occasion of 'Raksha Bandhan'

We Are Your Friends Flops at Box Office
September 1, 2015 at 12:26 AM

Yachts set off on round-the-world race
September 1, 2015 at 12:24 AM

Tom Brady's Sketch Artist Fails Again!
September 1, 2015 at 12:19 AM

Migrant crisis forces EU to seek answers
September 1, 2015 at 12:02 AM

Justin Timberlake Reacts to Kanye's Jab
August 31, 2015 at 11:56 PM

Iraq retakes territory from Islamic State: army
August 31, 2015 at 11:29 PM

View More Videos
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.