Representatives of the Asian Development Bank (ADB) and International Monetary Fund (IMF) on Saturday lauded the Myanmar government and encouraged it to continue its economic reforms, according to China’s Xinhua News Agency.
Various positive statements were made by delegates at a seminar on Myanmar held on the sidelines of the 46th Annual Meeting of the Board of Governors of the ADB in Greater Noida, India, on May 4.
ADB and IMF officials are reported as saying that Myanmar is on the right track to build its own economic and financial institutions for future development.
Stephen Groff, vice president of ADB, also cautioned that the country must have an "expectation management" for its people, as things will not change overnight but take time to move forward, Xinhua said. He added that Naypyitaw should inform its people that the country's reforms will bring returns in the future.
Groff reportedly called for efforts to encourage the private sector to join Myanmar's construction process, while stressing the importance of inclusive economic growth for solving the prominent issues faced by the country, such as poverty and underdevelopment.
Minister of Finance and Revenue Win Shein and Deputy Director-General of the Central Bank of Myanmar Yin Yin Mya were among the Myanmar speakers at the forum.
