Small and medium-sized enterprises (SMEs) are expected to be the engine of Myanmar's economic growth and a key generator of new employment opportunities. While consistently declining over the past ten years, the poverty rate remains substantial, and Myanmar still has the lowest life expectancy and highest infant mortality rates in the region. Myanmar is one of the fastest growing economies in South East Asia, but challenges still remain to assure long-term economic recovery and create shared prosperity. Our investment, alongside those from other DFIs and private investors, can provide early stage capital to fuel private sector growth in Myanmar. In 2017, CDC made a $15 million commitment to MOF II. I’m looking to invest in developing countries.The Presidential Palace, the official residences of the Cabinet, and other important government ministries and military headquarters are all located in the city.Myanmar Opportunities Fund II - CDC Group The highest judicial organ of the country, the Supreme Court, is also located here. Role Of Naypyidaw As The Capital Of MyanmarĪs the seat of the national government of Myanmar, Naypyidaw is the meeting place of the Union Parliament. The construction of the city continued and ended in 2012. The name of the new city was formally announced on March 27, 2006. No reason for this shift was provided by the government.
As soon as the city came to shape, the government quietly moved the administrative capital from Yangon to Naypyidaw. At least 25 construction companies were hired to carry out the activity. The construction of the city was commissioned by the then military government of the country. It was founded only recently in 2002 on a greenfield site located close to Pyinmana at a distance of about 320 km from Yangon, the former capital city of Myanmar.
Two massive dams, the Chaungmagyi Dam and the Ngalaik Dam are located a few kilometers to the north and south of the city, respectively. The capital city is located between the two mountain ranges of the Bago Yoma and the Shan Yoma. The population density here is 131.1 persons per square km. Naypyidaw occupies an area of 7,054.37 square km and hosts a population of 924,608.
It is unique in the country in the sense that it is an entirely planned city which is not part of any state or region of the nation. Unlike most other capital cities of the world, Naypyidaw is not the largest city in the country, a title that is held by Yangon, the former capital city. Naypyidaw is the capital city of Myanmar. The Pyithu Hluttaw is the lower house with 440 members. The Amyotha Hluttaw is the upper house of the legislature and has 224 members. The bicameral legislature comprises of members of whom 25% are appointed by the military and the rest are voted by the people. The President of Myanmar serves as the head of the executive wing of the government. Today, the military continues to have a strong influence on the country’s government. The current constitution was drafted in 2008 by the then military rulers of the country. The constitution of the country has been drafted three times since its independence. The country is a unitary parliamentary republic. What Type Of Government Does Myanmar Have? Myanmar also has a long coastline along the Andaman Sea and the Bay of Bengal. Naypyidaw is the capital city of Myanmar. It shares its northern and northeastern borders with China. The country is bordered by Thailand and Laos to the east and India and Bangladesh to the west. The Southeast Asian nation of Myanmar occupies an area of 676,578 square kilometers and houses a population of about 54 million inhabitants.