YANGON — One of the tropes the National League for Democracy will have to address before it takes office next April is the view that the party is light on concrete policies and untested in government. The latter is unavoidable, given that the army did not allow the NLD to govern after it won 80% of seats in the country’s flawed 1990 elections. As for economic policy, the party has a few ideas. “We have a plan, and we presented it in the early stages of the campaign,” said Soe Win, a member of the NLD’s central executive committee, referring to the election manifesto the party published in September. The NLD said it will keep the budget deficit under 5% of gross domestic product, cut the number of ministries and attempt to curb corruption in the bureaucracy, crack down on tax evasion, increase the independence of the central bank and focus on boosting agricultural productivity — a particularly important step given that around 70% of the population lives in the countryside.
YANGON – Asked about Shwe Mann’s political eyelash-batting, however, the NLD’s Han Tha Myint stressed it was too early to discuss post-election possibilities, much less commit to backing Shwe Mann. “He has to deal with his colleagues in the party first,” said Han Tha Myint, the NLD’s economics point man and now party spokesman. “We don’t have any official stance on [forming a coalition with him].”
YANGON – In a rare discussion of the party’s economic thinking, Han Tha Myint said the NLD wants to press on with the liberalization of the banking sector. In October 2014, nine foreign banks were awarded restricted licenses to operate in Myanmar as part of a gradual opening up to foreign investment. Foreign banks are limited to a single branch each, cannot serve individuals or locally owned companies, and are prohibited from making loans in kyat, the local currency. Han Tha Myint maintained the NLD would loosen these restrictions, saying, “It will be much better for the economy.”
YANGON – Standing next to Suu Kyi on Nov. 14, Obama said that barring the NLD leader “doesn’t make much sense.” But he did not raise the issue when speaking later at Yangon University. Nor did Suu Kyi’s eligibility come up during an hour-long question and answer session with students after the speech. Opinions differ about the importance of the clause. Lamin Oo, a Myanmar filmmaker whose name was mentioned by Obama during his speech, said afterwards that “if that issue was an important one for [young people] it would have come up in questions.” However, Kyaw Thu, a former actor turned philanthropist, said the constitution should be changed to allow Suu Kyi stand. “Obama should push for this with Thein Sein,” Kyaw Thu said.