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. Find out more at http://www.oecd.org/daf/inv/investment-policy/seasia.htm - http://www.oecd.org/daf/inv/mne/pfi.htm - http://www.oecd.org/globalrelations/seaforum.htm

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.  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. 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. • 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