State Counsellor holds Meeting with Myanmar Banking Sector to Discuss Obstacles, Collaboration, and Future Direction

State Counsellor Daw Aung San Suu Kyi held a meeting with the Myanmar banking sector on 15 August 2017. She allowed private bankers to present obstacles in the current banking system, under existing Central Bank regulations. The discussions can be summarized as follows:

-     The State Counsellor encouraged bankers to collaborate and hold regular meetings with the Central Bank in order to improve the banking sector. She also encouraged bankers to invest in other “important, essential sectors” in the country.

-     The State Counsellor will call for another meeting in September to follow up on issues discussed during this meeting.

-      U Khin Shwe, estate tycoon, commented that the banking sector is the lifeblood of the nation’s economy. The economy cannot be strong if the banking sector is in decline. Thus, the State Counsellor is making efforts to strengthen the banking sector.

-     The State Counsellor urged bankers to get on board in doing business, which means cooperating with the government and taking part in the country’s economic development.

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Business Information Centre

17 August 2017

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