September 13, 2019
Nay Pyi Taw, Myanmar: With funding from UK aid, the DaNa Facility and the International Trade Centre (ITC) supported states and regions to promote existing business opportunities to domestic and foreign investors at the Euromoney Myanmar Global Investment Forum. Over 1,000 representatives from national and foreign companies, government officials, trade and investment support institutions, and development partners attended the Forum in Nay Pyi Taw from 10-11 September 2019.
The forum provided a platform for dialogue and cooperation, as well as opportunities for the states and regions to attract investment. The DaNa Facility and ITC teams coordinated innovative panel discussions where senior officials from 13 states and regions pitched business opportunities in their respective locations. As an integral part of the event, an exhibition area hosted display booths that promoted investment opportunities in the different states and regions.
Myanmar’s states and regions are increasingly looking to attract more investment to support development and regional businesses. Investment projects can unlock the potential of businesses to provide inclusive growth, particularly for women and other vulnerable groups, by creating jobs and decent incomes. This includes support for decentralization of investment promotion and facilitation as embodied in the Myanmar Investment Law, and the establishment of an environment conducive to enhanced investment at the state and regional level.
In his keynote States and Regions address, U Aung Moe Nyo, Chief Minister of Magway Region said, “We see growing foreign and domestic investment in Myanmar’s states and regions as a key element of inclusive growth in the poorer areas of the country as well as a critical factor contributing to the inclusive development of the country as a whole.”
He added, “the panel discussions today and our innovative state/region booths serve as platforms to showcase state and regional business opportunities, generate greater awareness on the improving investment climate in Myanmar, and present the international business community with opportunities to discuss deals with the Myanmar private sector.”
Sebastian Taylor, Myanmar Country Manager at the international networking organization Solidaridad Asia said, “…the efforts of DaNa to present opportunities and bring together critical stakeholders in a single forum – particularly those from more underdeveloped areas of the country – is of immeasurable assistance in supporting market development in a wide range of sectors. This year’s event is likely to have significant impact on Solidaridad’s efforts for years to come.”
Notes to editors:
The DaNa Facility: The DaNa Facility is a UK aid-funded programme, established in May 2016 as one of six components of UK aid’s wider ‘Business for Shared Prosperity’ (BSP) programme. The DaNa Facility, implemented by DAI Europe and KPMG, supports inclusive economic growth and private sector development in Myanmar through responsible and sustainable business growth, investment and trade. For more information on the DaNa Facility please visit: www.danafacility.com. Follow the DaNa Facility on Twitter | Facebook.
The International Trade Centre: The International Trade Centre (ITC) is a joint agency of the World Trade Organisation and the United Nations. ITC assists small and medium sized enterprises in developing and transition economies to become more competitive in global markets, thereby contributing to sustainable economic development within the frameworks of the Aid-for Trade agenda and the United Nations’ Sustainable Developments Goals. For more information, visit www.intracen.org. Follow ITC on Twitter | Facebook | LinkedIn | Instagram