The meeting of Working Committee to address the impact of COVID-19 on the national economy (2/2023) 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 Ministry of Investment and Foreign Economic Relations, Ministry of Labour, Ministry of Commerce. Moreover, Permanent Secretaries and Senior Officials from the Ministry of Transport and Communications, Ministry of Planning and Finance, Ministry of Commerce and Ministry of Hotels and Tourism also attended the said meeting.    

During this meeting, it was discussed the status efforts made by Regions and State Loan Supervision Teams on recollection of loan and  reimbursement status of 50 billion kyats to State Revolving Fund,  the condition of reimbursement to General Result Fund (GRF) with installments which have been received from the recollection of loan capital from the dued businesses, loan repayments situation by businesses which have completed 3 years of loan term and one year loan extension to the businesses from Fishery and Livestock 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 Regions and States and collaboration with concerned Ministries, Credit Supervision Teams as well as the situation of capital and interest return.

The meeting also discussed the process to be carried out by the committee, overdue loan recovery plans and procedures, cooperation and collaboration with the departmental concerned.