Ministry of Finance and Planning (Myanmar)

Ministry of Planning and Finance
ဘဏ္ဍာရေးဝန်ကြီးဌာန
Agency overview
Formed 1948 (1948)
Type Ministry
Jurisdiction Government of Burma
Headquarters Naypyidaw
Minister responsible
Website www.mof.gov.mm

The Ministry of Planning and Finance (Burmese: ဘဏ္ဍာရေးဝန်ကြီးဌာန; abbreviated MOPF; formerly the Ministry of Finance) administers Burma's monetary, fiscal policies and national planning.

Ministry of Planning and Finance is currently led by Kyaw Win, who was appointed by President Htin Kyaw on 30 March 2016. The Ministry of Planning and Finance's State Lottery Department administers the Burmese lottery.

See also

Financing Geothermal projects in Myanmar use an estimated break even power cost of 5.3-8.6 U.S cents/kWh or in Myanmar Kyat 53-86K per kWh. This pegs a non-fluctuating $1=1000K, which is a main concern for power project funding. The main drawback with depreciation pressures, in the current FX market. Between June 2012 and October 2015, the Myanmar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local businesses with foreign denominated loans from abroad suddenly found themselves rushing for a strategy to mitigate currency risks. Myanmar’s current lack of available currency hedging solutions presents a real challenge for Geothermal project financing.[1]

References

  1. ↑ DuByne, David (November 2015), "How Myanmar can Hedge Foreign Loans for Geothermal Projects to Mitigate Kyat Devaluation Risks" (PDF), OilSeedCrops.org
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