Corruption the biggest concern for Myanmar businesses: survey
Published on May 6, 2014 7:43 PM
YANGON (REUTERS) - Corruption is the top concern for businesses in Myanmar, which is undergoing liberal reforms after the end of military rule, according to a UN-led survey released on Tuesday.
Five decades of military rule left Myanmar mired in poverty and plagued by corruption, but a quasi-civilian government that took power in 2011 has enacted sweeping political and economic reforms aimed at attracting foreign investment and cleaning up the economy.
However, the survey suggests the reforms have thus far had only a limited impact on corruption.
About 20 per cent of the more than 3,000 firms questioned identified corruption as a "very severe obstacle" to their operations, according to the survey from the United Nations, the Organisation for Economic Co-operation and Development and the Union of Myanmar Federation of Chambers of Commerce and Industry (Umfcci).
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