Implementation of South Korea-funded Myanmar Development Institute project to begin before year’s end

MDI photo1
KOICA Myanmar Chief NAM, Kwon Hyoung and Professor Dr Aung Tun Thet, chairman of PTF-MDI, conclude with a handshake, the signing a record of discussion on establishment of the Myanmar Development Institute in Nay Pyi Taw.—Photo Supplied

Work to implement the Myanmar Development Institute project funded by South Korea will begin before the end of this year under the signing of an agreement on Thursday.
The signing of the record of discussion between the Korea International Cooperation Agency and Preparatory Taskforce on Establishing the Myanmar Development Institute took place at the KOICA Myanmar Office in Yangon with KOICA’s representative to Myanmar Mr. NAM Kwon Hyoung and Professor Dr. Aung Tun Thet, chairman of the PTF-MDI inking the pact.
With the signing of the record, a $20-million MDI project scheduled to be completed in 2019 will start before the end of this year following a MDI project-launch forum in November, KOICA Myanmar said in a press release.
All stakeholders from both sides and other development partners will be present at the forum in which KOICA and a preparatory taskforce will introduce the project and seek ideas and feedback from the participants, the release added.
The MDI Project is to establish a “Whole of Government” National Institute that will improve the country’s policy-making and capacity-building processes and facilitate economic development, the agency said.
The Myanmar Development Institute will be established in Nay Pyi Taw.
South Korea pledged the $20 million through an MoU signing between the Ministry of National Planning and Economic Development of Myanmar and South Korea’s Foreign Affairs Ministry in Nay Pyi Taw last month.–GNLM

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