[Myanmar] Fdi To Burma Still Low, Despite Reforms

[News_Editor]

Despite growing interest in Burma among foreign investors, the country has yet to attract a substantial influx of money from overseas. According to a report by the Wall Street Journal, foreign direct investment in Burma came to just US $1.4 billion in the fiscal year that ended in March—the same amount that Laos received last year, despite having a population 10 times smaller. The trickle was blamed in part on the lingering effect of decades of sanctions, but lack of infrastructure, power shortages, high land costs, scarcity of skilled workers, cronyism and corruption, unclear regulation and insufficient official capacity are also hurdles, the report said.

Source: Irrawaddy.org