The meeting of Working Committee to address the impact of COVID-19 on the national economy (1/2023) was held this morning at Office No. (1), Ministry of Investment and Foreign Economic Relations.

The meeting was chaired by Dr. Kan Zaw, Union Minister for Investment and Foreign Economic Relations. Members of the Working Committee; Deputy Ministers for Planning and Finance, for Investment and Foreign Economic Relations, for Labour and for Commerce, Deputy Governor from the Central Bank of Myanmar, Permanent Secretary, Director General and representatives from the Ministries concerned also attended the meeting.

During the meeting, it was discussed the matters of the working committee regarding the coordination on the loan repayments and the situation in which the loan repayments were extended by one year to fishery and livestock sector, loan recovery plans for the companies which has completed 3 years of loan maturity, providing capital into the state’s revolving fund and also one-year extension for Film, Music, Theatrical, Press and Media sector.

Moreover, Secretary of the working committee, Deputy Minister for Investment and Foreign Economic Relations, Dr. Wah Wah Maung discussed loan repayment monitoring situations in States and Regions as well as the circumstance of the Success Story of the companies and businesses that have taken out loan, capital and interest return.

The meeting also discussed relief measures carried out by concerned ministries, works regarding the statement on the one-year extension of loan for Film, Music, Theatrical, Press and Media sector and upcoming plan of actions to implemented  by the committee.