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Published on Friday, 30 November 2012 20:34
Local professionals are calling on the government to assign experts of international calibre to strategic posts such as the Central Bank and Myanmar Investment Commission.
They said Myanmar needs to be more efficient and effective in formulating policies, and experts with years of experience can deliver and carry them out.
“In the draft of the Central Bank law, it states that the chairperson and vice-chairperson shall have knowledge and experience on economics, financial and banking, commerce, and related laws. But it’s not enough just to have the knowledge. The person must be an expert or a professional. In China, those who graduated at world famous universities and with many years of experience at ADB and World Bank are assigned to their Central Bank,” said Than Lwin, vice chairman of Kanbawza Bank.
An expert at the National Economic and Social Advisory Council also said: “Could we give such positions to those retired from military who had only four to five years of experience at the central bank? Those at such positions must not only have honesty but also banking experience, a respectable person to the society of businesspersons.”
Professor Yi Yi Myint said leaders must be well-qualified. “When Myanmar started its Central Bank in the past, it had to hire experts from India. Likewise, we have to hire experts if it is required,” she urged.
The government appointed military officials to key ministries in the past. Observers said while the government has now hired professionals in ministries, more experts are needed to implement reforms.