July 2, 2025 | Naypyitaw- Senior General Min Aung Hlaing , Chairman of the State Administration Council (SAC) and Prime Minister of Myanmar, has reaffirmed his commitment to reviving the country’s economy, which has faced serious challenges in recent years.

Speaking at a national coordination meeting on economic development held on July 2 at the SAC Chairman’s Office in Naypyitaw, the Senior General stressed the need for full-scale efforts to restore economic stability and growth.

He highlighted the importance of strengthening domestic manufacturing and pledged support for expanding production industries. He noted that individuals and groups wishing to contribute to economic development would be supported, and their contributions recognized. “If we implement this correctly, national economic improvement will follow,” he stated.

In relation to post-disaster recovery, the Senior General said plans were underway to provide low-interest investment capital to help businesses resume activity quickly in affected areas.

He also referenced recent projections from the World Bank, which revised Myanmar’s economic outlook downward—from an earlier estimate of +2.5% growth to a possible -2.5% contraction. The Senior General questioned the completeness and accuracy of the data used in the assessment, stating that some calculations lacked reliability.

He emphasized the importance of practical results over predictions, saying that if the people continue to work hard, Myanmar’s GDP could still grow despite negative forecasts.

Referring to his recent visits to Belarus and Russia, the Senior General pointed to lessons learned from those countries, particularly in agriculture and livestock development. He also highlighted poverty reduction and MSME development in Myanmar.

The meeting was attended by SAC members, Union ministers, regional and state officials, the Naypyitaw Council Chairman, deputy ministers, and departmental heads. Regional Chief Ministers participated via video conferencing.

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