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Macroeconomic Reform

CESD’s macroeconomic team develops targeted analysis and research across three focus areas:

  1. state economic enterprise reform
  2. trade, investment and financial sector development, and
  3. public financial management.

macroIn addition to these thematic areas, a significant role for the macroeconomic team is to support the CESD leadership, notably Dr Zaw Oo, CESD Executive Director.

Responding to the need for more transparent management of new and existing investments and resources, CESD is developing frameworks and systems to enable improved collection and allocation of resources. This is aimed at providing a solid base for the economic growth and stability required to foster sustainable development.

CESD works to reform the government’s budgetary allocation and tax collection processes at the national level. Additionally, CESD is advising on processes to enable enhanced fiscal decentralisation at the sub-national level, including issues related to taxation and government spending. In partnership with the Japan International Cooperation Agency (JICA), CESD developed research on reforming state economic enterprises, including corporate governance of state housing banks and reform of the Public Works Department at the Ministry of Construction.

Considerable trade and investment policy reforms are required to allow Myanmar to gain full advantage from its increasing integration into the Association of Southeast Asian Nations (ASEAN) and the global economy. CESD, working with organisations including the International Growth Centre and Australian National University, are advocating for a more growth-friendly system that will encourage responsible large-scale development in Myanmar. CESD has also conducted research on industrial zones, infrastructure development, and both domestic and foreign direct investment.

Other partners working with CESD on macroeconomic issues include GIZ, the Asia Development Bank, and The World Bank.

Key research by the macroeconomic team includes:

  • A pilot assessment of Industrial Zones in Myanmar, supported by GIZ (read more)
  • Joint paper with the Australian National University on trade and investment reform in Myanmar (read more)
  • Social sector expenditure and taxation (read more)
  • A chapter on public finance management for the Asia Development Bank’s Country Diagnostic study (read more)
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