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| Organization
and Responsibilities |
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| Main Objective |
With
the objectives of broadening the scope of economic cooperation
between the Republic of the Union of Myanmar and the International Community the Foreign
Economic Relations Department was set up in 1972. It is known
as FERD in abbreviation.
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| Responsibilities |
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- A focal point
for the negotiation and mobilization of external assistance
from foreign countries, bilateral and multilateral and international
organizations and UN agencies in the form of loans, grants,
technical assistance and experts, including scholarship and
training required for the socio-economic development of the
Nation.
- The main aid coordinating agency
and a catalyst to bring together foreign aids organization to
conduct discussions on Myanmar’s needs and priorities
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| Organization |
| FERD
has 5 main divisions handle activities under the various economic
and technical cooperation programmes. |
They are:
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| 1. |
Bilateral Economic Cooperation Division |
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The Bilateral Economic Cooperation Section is responsible for
coordinating economic and technical cooperation programmes between
the Republic of the Union of Myanmar and all bilateral countries and agencies.
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| 2. |
Multilateral Economic Cooperation Division |
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The Multilateral Economic Cooperation Division is responsible
for coordinating economic and technical cooperation programmes
between the Republic of the Union of Myanmar and the Multilateral Agencies like the World
Bank, the Asian Development Bank, the OPEC Fund, IMF.
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| 3. |
UNDP and Other UN Agencies Economic Cooperation
Division |
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UNDP and Other UN Agencies Economic Cooperation Division is
responsible for coordinating economic and technical cooperation
programme between the Republic of the Union of Myanmar and United Nations Agencies such as
UNDP, UNICEF, WHO, ESCAP and so forth.
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| 4. |
Legal Division |
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- The
legal division is responsible for providing technical and legal
advice and remarks on the agreements made between government
to government, foreign and local organizations, government and
private and private sectors in accordance with the rules and
regulations laid down by the government.
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| 5. |
Training Division |
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- Since
all the overseas training offers have to be channeled through
FERD, the Training Division from FERD has to compile all the
training offers before allocating to the respective ministries
and agencies.
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| Organization set up |
According
to the organization set up of FERD, there are 119 employees
in the department. They are the Director General, Deputy Director
General, 3 Directors, 5 Deputy Directors, 12 Assistant Directors,
22 Officers and 75 Clerical staffs.
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