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A+ A A- Thein Sein urges ministers to use development aid efficiently

President Thein Sein has told ministers to use overseas development aid effectively and efficiently during a meeting in Nay Pyi Taw on Monday.
The president made clear that such aid was key to supporting Myanmar's economic development and urged officials to make sure there was no misappropriation.
"Our government has responsibility to build good foundations for economic development that requires capital, human resources and technology. So we are seeking international assistance," said Thein Sein.
He also called to coordinate efforts to get development aid quickly so that the donor countries can use aid money on necessary sectors for the public wellbeing.
"With the aid and technology the country has acquired, government departments need to use such aid effectively and efficiently, trying to ensure that there is no waste and misappropriation," the president added.
At the meeting, ministers and the governor of the Central Bank briefed the president on international aid and loans Myanmar would receive from 2011 to 2015. They also discussed foreign investment, foreign debts and settling and the countries and organisations giving development aid to Myanmar.
EMG

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