Myanmar working on people-centred plan for 2014-15

Yangon, Jan 7 : Myanmar is drawing up a people-centred plan in a bid to achieve the goals for fiscal year 2014-15, state media Tuesday reported President U Thein Sein as saying.

The plan will be in conformity with the needs of Myanmar and its political, economic and social relations with neighbouring countries, U Thein Sein told the government's planning commission in Nay Pyi Taw Monday.

The president stressed the need to attract foreign investment to develop technology and human resources, and double domestic production in seven sectors in order to reach an 8-percent increase of the gross domestic product, Xinhua reported citing the state media.

The seven sectors cited are industry, agriculture, infrastructure, energy, mining, tourism, finance and communication.

He called on governments at all levels to work together harmoniously in the implementation of the projects and to use the allocated budgets efficiently.

Myanmar's draft national plan for 2014-15 targets a growth of 3.9 percent in the agricultural sector, 10.4 percent the industrial sector and 12.4 percent in the services sector.

The growth of major regions is set at 9.3 percent for Yangon, 12.4 percent for Mandalay and 28.2 percent for Nay Pyi Taw.

The International Monetary Fund has predicted Myanmar's economy to grow 6.75 percent in the 2013-14 fiscal year, driven by natural gas, sales and investment.

--IANS (Posted on 07-01-2014)

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