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September 2014

Myanmar and Lao PDR: Dialogue about Natural Resource Wealth

Morten Larsen's picture


The ancient cities of Bagan, Myanmar, and Luang Prabang, of Lao PDR offer today’s travelers a nostalgic vision of South East Asia: timeless landscapes and exquisite architecture. This vision is in sharp contrast to the rapid pace of recent economic activity in both countries. Myanmar recorded very strong investor interest in last year’s bidding round for oil and gas blocks. This was a clear signal of the successful reform process undertaken so far.  In Lao PDR, the mining industry has increased annual production from around US$ 10 million in the early 2000s to well above US$ 1 billion a decade later – contributing around 15 percent of Government revenues in recent years.