LDC Archives

There was a time when oil and gas attracted the most FDI in Myanmar. This is FDI that results in greater exports by enabling the unlocking of the resources under the ground and the waters of Myanmar. One can debate how much of the risk is borne by whom and whether the returns are proportional to risk. But generally, greater FDI in the energy sector is a good thing for a country like Myanmar, seeking to move out of least-developed-country status. The fact that telecom is the biggest attractor of FDI in a country so rich in resources is not something to be celebrated.