Myanmar's NLD government cautiously rolls out reforms

Yangon

FOREIGN observers have been disappointed by the lack of economic reforms since the National League for Democracy (NLD) was elected to power in Myanmar in November 2015, but progress is picking up pace in recent years, with hopes for greater market liberalisation.

For the first two years the NLD economic team did little in the way of economic reforming, and initially slowed down foreign direct investment (FDI) application approvals and new infrastructure projects, while they reviewed the various deals okayed by the previous military-dominated regime.