Our focus is on markets where we can make the greatest difference to improve people's lives. As Myanmar continues down its historic path of openness, we are committed to helping the country achieve its development objectives - through leveraging private investments, especially in energy, telecoms and agriculture," she said at that time.
The MIGA Convention was signed by the Myanmar government in Washington, DC, in October during the World Bank's annual meetings, which was the key step towards becoming a MIGA member country. Since then, the administration of President Thein Sein has fulfilled all outstanding membership requirements, leading to its confirmation as a member.
On December 17, Myanmar officially became the 180th member of MIGA. MIGA aims to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives.
Among its member states, 155 are developing countries, and 27 are in the Asia-Pacific region.