A country undergoing transition
Myanmar, formerly known as Burma, is on the path to democracy. In November 2015 the people of Myanmar participated in historical national elections which were recognised as free and relatively fair by international observers. Since then the formerly biggest opposition party “National League for Democracy” - under the leadership of Nobel Peace Prize winner Aung San Su Kyi - has the absolute majority in parliament. However, 25 % of the seats in the Upper as well as in the Lower House remain reserved for the armed forces. The “Golden Country” is currently undergoing fundamental changes, reforming not only its political but also its economic structures Myanmar is opening itself to the world and thus becomes more integrated into the global market.
On behalf of the German Federal Government, KfW resumed cooperation with Myanmar in 2013, continuing the successful Financial Cooperation, which lasted from 1962 until 1988. KfW is supporting the country in the focal areas of Sustainable Economic Development and Rural Development especially in the Southern Shan State (focal region) in Myanmar.