Incentivizing Sustainable Private Sector Investment in Timber Plantations in Myanmar : Policy Options to Encourage Socially and Environmentally Responsible Investment
Forestry has traditionally been one of Myanmar’s most important economic sectors, generating more in export earnings in the period 2010-2018. It is estimated that the country will have lost 12 million ha of forest between 1990 and 2020 - the third...
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| Format: | Report |
| Language: | Burmese,English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/127481593418573206/Incentivizing-Sustainable-Private-Sector-Investment-in-Timber-Plantations-in-Myanmar-Policy-Options-to-Encourage-Socially-and-Environmentally-Responsible-Investment-Technical-Paper http://hdl.handle.net/10986/34149 |
| Summary: | Forestry has traditionally been one of
Myanmar’s most important economic sectors, generating more
in export earnings in the period 2010-2018. It is estimated
that the country will have lost 12 million ha of forest
between 1990 and 2020 - the third largest absolute forest
loss of all countries during that period. The government now
aims to restore or reforest about 884,000 ha on reserved
forest (RF) and public protected forest (PPF) land under its
2016-28 Myanmar reforestation and rehabilitation program
(MRRP). A range of reforms is needed to encourage private
sector investment. These include: (i) identification of
sufficiently large areas of suitable land close to potential
processing sites or transport infrastructure and planning of
land-use allocation; (ii) improving the availability of
information on identified areas and on the process of
acquiring plantation leases; (iii) streamlining leasing
procedures and terms and scope of leases, including possible
private management of state plantations; (iv) simplifying
regulations on harvest and transport of plantation timber;
(v) reviewing the suitability of current fiscal incentives,
including tax holidays; (vi) improving information on areas
and productivity of established plantations; and (vii)
identifying priority research and development needs and
delivery mechanisms. |
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