Three-Pillar Framework Guiding Responsible Investment and Continued Operations
Myanmar at present faces a very difficult time with the triple perils of military atrocities, economic meltdown and resurgence of the COVID pandemic.
The plight of the Myanmar people cannot and will not improve as long as the illegal military council remains.
Myanmar is normally attractive to investors because of our natural resources and because of our resourceful people.
However, the business environment is no longer conducive for ethical investors.
While the military council maintains its illegal hold on institutions of the State, it is not possible to conduct ethical investments. Such investments may also infringe on the rights to the States within the future Federal Democratic Union. For these reasons, the Ministry has announced previously that no new investment agreement with the junta will be accepted or honoured.
We will continue to honour all existing investment agreements and approvals before 1 February 2021 and will be supportive to businesses who wish to maintain their environmental, social and governance standards.
We urge existing businesses to weigh whether their continued presence in Myanmar does ‘more good than harm’ for the people of Myanmar.
To assist businesses that have invested or are considering to invest in Myanmar, the Ministry have issued this guidance for responsible investment.
Tin Tun Naing
Ministry of Planning, Finance and Investment
The National Unity Government