Myanmar and the Policy Framework for Investment - Aung Naing Oo – Southeast Asia Regional Forum


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Aung Naing Oo from the Myanmar Ministry of National Planning and Economic Development describes how the Investment Policy Review of Myanmar was based on the OECD Policy Framework for Investment. This presentation was made at the Southeast Asia Regional Forum in Bali, Indonesia, on 24-26 March 2014.

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Myanmar and the Policy Framework for Investment - Aung Naing Oo – Southeast Asia Regional Forum

  1. 1. OECD INVESTMENT POLICY REVIEW OF MYANMAR BASED ON THE PFI Aung Naing Oo Director General, DICA Ministry of National Planning and Economic Development Co-Chair of the Task Force Update of the PFI 1st Global Task Force Meeting Bali, 24 March 2014
  2. 2.  The first international investment policy project in Myanmar  Take advantage of OECD diagnosis & benchmarking to support Myanmar’s ambitious reform programme  Access to recommendations based on good practices in investment policy making and implementation  Build capacity building through the Review process – establishment of 17 agency Task Force  Stimulate dialogue  within government  with stakeholders  with peers (ASEAN, OECD) Why the OECD Investment Policy Review of Myanmar?
  3. 3. Dates March 2012 OECD Mekong Investment Forum June 2012 First OECD-ASEAN mission and meeting of the Task Force, funding through AANZFTA October 2012 OECD workshops on investment policy making with Task Force February 2013 OECD fact-finding mission with technical experts June 2013 Stakeholder workshops in Yangon and Nay Pyi Taw 15 October 2013 Presentation at OECD Investment Committee 1 March 2014 Launching of IPR of Myanmar with Minister of National Planning and Economic Development in Nay Pyi Taw with Members of Parliament, 20 Ministries, ASEAN Ambassadors, and international partners + seminar on responsible investment 2014 Follow-up at national level and regional through ASEAN-OECD Investment Programme Update of the PFI IPR Process Ministry of National Planning and Economic Development– lead agency for the 17 agency PFI National Task Force Eg: IFC/WB using IPR as reference for technical assistance
  4. 4. • Objective benchmarking of Myanmar’s investment policy reforms and progress vis-à-vis regional and global standards • Exposure to regional and global experiences in investment policy including investment promotion and responsible business conduct • Capacity building for task force that drove IPR • Promote international visibility of Myanmar’s reforms through candid review process • Deepen co-operation with OECD and other partners, such as the IFC, in implementing key recommendations (improve legal and regulatory framework, streamline business regulation, build capacity to promote responsible investment…) • Sharing of experience at regional level with ASEAN peers (Indonesia, Malaysia, Viet Nam, Philippines, Lao PDR have or are undertaking PFI-based Reviews) Main benefits and way forward