August 22, 2018
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AusAID discuss details of 3-year program

  • Category: Economy
AusAID Deputy Director General James Batley (left) exchanges gifts with Dr Kan Zaw, Myanmar Union Minister for National Planning and Economic Development. Photo: AusAID

Myanmar and Australia have held their first high-level consultation in Naypyitaw on a three-year economic cooperation program, official media reported Tuesday.

The consultation is held between Myanmar's Ministry of National Planning and Economic Development and the Australian Agency for International Development (AusAID) held in the new capital Monday.

They discussed further partnership development among working groups, systematic use of the aid of AusAID in the sectors of health, education, career development, public finance management and census taking, as well as sending technicians for mining industry and experts for ASEAN Economic Community and reform process, said the New Light of Myanmar.

Australia pledged 100 million Australian dollars' (91.87 million U.S. dollars) grant aid to Myanmar in July for its education reform, in addition to a grant of 5 million Australian dollars for Myanmar's peace making process with its ethnic armed groups.

In March 2013, Australia pledged an additional 20 million Australian dollars over two years for the first phase of the new Myanmar- Australia Partnership for Reform.

Aiming to enhance trade and investment ties with Myanmar, Australia has assigned a resident Trade Commissioner to Yangon.

Australia will also lift some restrictions on defense engagement.

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