USDP tack­les eco­nomics at Nay Pyi Taw sem­i­nar

The Myanmar Times - - News - SWAN YE HTUT swanye­htut@mm­times.com

END­ING 12 months of near-si­lence, the for­mer rul­ing Union Sol­i­dar­ity and De­vel­op­ment Party has at­tacked the cur­rent govern­ment’s fail­ure to im­prove the so­cial and eco­nomic con­di­tions of the coun­try. The USDP, which was turfed out of of­fice by the land­slide won by the now-rul­ing Na­tional League for Democ­racy a year ago, opened an eco­nomic sem­i­nar on Novem­ber 19 to dis­cuss the sit­u­a­tion.

Party chair U Than Htay said in his open­ing speech at the event at the party’s Nay Pyi Taw head­quar­ters that its pur­pose was to urge the govern­ment to adopt re­forms that would pro­mote eco­nomic and so­cial de­vel­op­ment to help or­di­nary peo­ple.

“This sem­i­nar aims to re­lieve the eco­nomic cri­sis that the pub­lic have suf­fered. We hope the govern­ment will con­sider the top­ics dis­cussed in this sem­i­nar and will ap­ply them to im­prove so­cial and eco­nomic con­di­tions for the pub­lic,” he said.

U Than Htay said vot­ers had last year elected a govern­ment they hoped would be demo­cratic and would boost the econ­omy. How­ever, he said, even the lead­ers of the govern­ment had ad­mit­ted that the econ­omy had not yet im­proved.

“Weak­ness in the econ­omy will dam­age peace and the rule of law. The rul­ing party should seek solutions to the prob­lem through ne­go­ti­a­tions, and by tak­ing steps to im­prove peo­ple’s lives, in­crease their se­cu­rity, bring down the cost of liv­ing and pro­mote eco­nomic de­vel­op­ment,” he said.

The record of the for­mer USDP govern­ment was clear, and the record of the NLD govern­ment would be equally clear, he said.

The party’s Myan­mar Eco­nomic Fo­rum was at­tended by MPs, party mem­bers and NGOs, eco­nomic as­so­ci­a­tions and aca­demics, as well as lead­ing USDP mem­bers.

“The par­tic­i­pants in our dis­cus­sions will in­clude ac­knowl­edged ex­perts in eco­nomic man­age­ment, and in macro- and mi­cro-eco­nomic the­ory and prac­tice. They in­clude for­mer min­is­ters and deputy min­is­ters, lead­ing aca­demics and oth­ers who will dis­cuss the se­ri­ous plight of or­di­nary peo­ple faced with price rises.”

The USDP chair also re­lated what he said were the eco­nomic achieve­ments of his govern­ment in terms of es­tab­lish­ing a min­i­mum wage, rais­ing civil ser­vice salaries, fix­ing pen­sions, restor­ing the mar­ket econ­omy, con­trol­ling com­mod­ity prices and balancing the value of the na­tional cur­rency against the US dol­lar. The USDP govern­ment had brought sta­bil­ity, eco­nomic ad­vance­ment, im­prove­ments in trans­porta­tion and peace to the coun­try, he said. – Trans­la­tion by Zar Zar Soe

and Emoon

Photo: EPA

The Union Sol­i­dar­ity and De­vel­op­ment Party holds a busi­ness and eco­nomics work­shop at the party’s head­quar­ters in Nay Pyi Taw on Novem­ber 19.

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