Myanmar government has formed a watch team with representatives from various ministries to monitor the ministries’ investment projects, the Ministry of National Planning and Economic Development announced in its website.
The newly formed ‘Investment Assessment Response Team’ will conduct necessary assessments when the businessmen who will implement the ministries’ projects submit the investment proposal to the Myanmar Investment Commission.
The team will need to report their assessments to the Myanmar Investment Commission. It is also responsible to inform the public about the projects.
“If a ministry has a business project which will be implemented by a local or foreign company, then our team will have to carry out assessments and report them to the Myanmar Investment Commission,” an official from the Ministry of Livestock and Fishery, who is also a member of Investment Assessment Response Team, said.
Investment Assessment Response Team is comprised of representatives from 21 ministries including the Ministry of Home Affairs, Ministry of Commerce, Ministry of Industry, Ministry of Mining, Ministry of Livestock and Fishery, Ministry of Communication, Ministry of Post and Telecommunication, Ministry of Forestry, and Ministry of Electrical Power.