IMF chief urges Myanmar to focus on poverty reduction during visit
YANGON (AFP) - International Monetary Fund (IMF) chief Christine Lagarde urged Myanmar - which is enjoying an economic boom after decades of international isolation under the junta - to urgently prioritise tackling widespread poverty.
"As Myanmar opens up and expands, it needs the structural foundations of a modern economy. This is an urgent priority," she said in a speech to students at the Yangon Institute of Economics.
Ms Lagarde was in Yangon on Saturday on her first official trip to the country. She met a range of government officials and opposition leader Aung San Suu Kyi.
"Three-quarters of the population have no access to electricity... only 1 per cent of the population uses the Internet," she said.