General Information |
|
| GDP | USD 56,7bn (World ranking 0, World Bank 2011) |
| Population | 52.8 million (World ranking 24, World Bank 2012) |
| Form of state | Parliamentary government |
| Head of government | THEIN SEIN (USDP) |
| Next elections | End 2015, legislative |


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General Information |
|
| GDP | USD 56,7bn (World ranking 0, World Bank 2011) |
| Population | 52.8 million (World ranking 24, World Bank 2012) |
| Form of state | Parliamentary government |
| Head of government | THEIN SEIN (USDP) |
| Next elections | End 2015, legislative |
Data Protection Laws Not Found
The State Peace and Development Council Law No. 8/2004)
The 5th Waning Day of Thadingyut, 1366 M.E. 2nd November, 2004
(Abstract: The Law contains provided that this section shall not apply to revealing of information or any matter to a client or any other person as in duty bound by investigation officer, attorney, notary public, legal professional, accountant or any other person in discharging his duty in conformity with law.)
Article 118
(a) The Pyithu Hluttaw elects members of the Council of People’s Inspectors from among those members of the Pyithu Hluttaw whose names are on the list submitted collectively by members of the Council of State elected under Clauses (a) and (b) of Article 64.
(b) Members of the Council of People’s Inspectors shall elect a Chairman from among themselves.
Article 119
The Council of People’s Inspectors is the highest organ of inspection of public undertakings.
Article 120
The Council of People’s Inspectors shall be responsible to the Pyithu Hluttaw. It shall submit reports to the Pyithu Hluttaw on the progress of inspection of public undertakings. It shall be responsible to the Council of State when the Pyithu Hluttaw is not in session.
Article 121
(a) The Council of People’s Inspectors shall conduct inspections to determine whether the activities of the Local Organs of State Power, Ministries, Bodies of Public Services and such other organizations as may be prescribed by law prove beneficial to the interests of the public.
(b) The Council of People’s Inspectors shall report on its findings and measures taken by it, to the Pyithu Hluttaw through the Council of State.
Article 122
The term of office of the Council of People’s Inspectors is the same as that of the Pyithu Hluttaw. On expiry of the term of the Pyithu Hluttaw, the Council of People’s Inspectors shall continue to perform its duties and functions till a new Council of People s Inspectors has been elected.
Article 123
(a) The State, Divisional and Township People’s Councils shall form State, Divisional and Township Inspectorates with members of State, Divisional and Township People’s Councils concerned.
(b) Members of each Local Inspectorate shall elect a Chairman from among themselves.
(c) The Pyithu Hluttaw shall by law prescribe the duties and powers of Local Inspectorates.
Article 124
Each Local Inspectorate shall be responsible to the People’s Council concerned.
Article 125
The Local Inspectorates shall perform the following duties-
(a) Reporting to the People’s Council concerned on the activities carried out during the interval between the meetings of the People’s Council;
(b) Implementing tasks and submitting reports under the guidance of the People’s Council concerned and of the organs at higher level.
Article 126
The term of office of the Local Inspectorates is the same as that of the People’s Councils at different levels. On expiry of the People’s Council, the Local Inspectorate shall continue to perform, its duties and functions until a new Local Inspectorate has been elected.
Article 127
The Council of People’s Inspectors may, with the approval of the Council of State, form as necessary, Bodies of Accounts Services at different levels and shall also appoint the required accounts officers in accordance with law.
Article 128
The Central Accounts Office shall be responsible to the Council of People’s Inspectors and accounts offices at different levels shall be responsible to the Inspectorates concerned and to the accounts offices at the higher level and shall submit to their supervision and inspection.
Sovereign risk in Myanmar will moderate gradually, assuming that economic and political reforms continue as planned. The external debt outlook is improving as a result of debt forgiveness, accelerating GDP growth and the resumption of concessional lending and aid.
The banking sector risk rating will improve gradually as reforms urged by the IMF continue. The impending entry of foreign banksthree will commence operations in late April and six are set to follow in due courseand the planned liberalisation by the Central Bank of Myanmar of lending rates will promote the sector’s modern‘isation, but will also stretch the authorities’ limited super‘visory capabilities.
Political tension will rise in the run‘up to the election that will be held in either October or November 2015. The constitutional reforms that the opposition has long demanded are unlikely to take place before the polls. The government and a host of armed ethnic groups have agreed a draft text for a nationwide cease‘fire agreement, but lasting peace in the country’s ethnic border regions remains a distant prospect, as key points of contention have yet to be addressed.
Despite accelerating GDP growth, macroeconomic fundamentals will remain weak. Myanmar’s persistent fiscal shortfall, limited monetary policymaking capacity and the widening deficit on the current account will continue to pose significant structural risks in 2015-16.
| Myanmar GDP | Last | Previous | Highest | Lowest | Unit | |
|---|---|---|---|---|---|---|
| GDP | 53.14 | 51.44 | 53.14 | 6.46 | USD Billion | |
| GDP Annual Growth Rate | 6.50 | 6.70 | 13.84 | 3.60 | percent | |
| GDP per capita | 824.19 | 741.67 | 824.19 | 129.19 | USD | |
| GDP per capita PPP | 1324.61 | 1254.53 | 1324.61 | 365.08 | USD |