Myanmar junta chief urges economic action as Western pressure grows

Myanmar junta chief urges economic action as Western pressure grows

Myanmar
Anti-coup protesters display placards during a protest in Yangon, Myanmar, Feb 23, 2021. (Photo: AP)

The leader of Myanmar's junta has called for energetic efforts to revive an ailing economy, state media reported on Tuesday (Feb 23), as Western countries considered more sanctions to press the generals to shun a violent crackdown on democracy protests.

The call for focus on the economy came after a general strike shut businesses on Monday and huge crowds gathered to denounce the military's Feb 1 coup and demand the release of elected leader Aung San Suu Kyi, despite a warning from authorities that confrontation could get people killed.

Opponents of the coup gathered again on Tuesday though in much smaller numbers. There were also small marches in favour of the military, media reported.

There were no reports of violence.

READ: G7 countries 'firmly condemn' Myanmar military attacks on protesters

Military chief General Min Aung Hlaing, in a meeting with his ruling council on Monday, called for state spending and imports to be cut and exports increased.

"The council needs to put its energy into reviving the country's ailing economy. Economic remedy measures must be taken," state media quoted him as saying.

The army seized power after alleging fraud in Nov 8 elections, detaining Aung San Suu Kyi and much of the party leadership. The electoral commission dismissed the fraud complaints.

The crisis raises the prospect of isolation and investor jitters just as the coronavirus is undermining consumption and tourism.

READ: Indonesia dismisses report on action plan to help Myanmar military uphold promise of fresh polls

Min Aung Hlaing did not link the protests directly to economic problems but said the authorities were following a democratic path in dealing with them and police were using minimal force, such as rubber bullets, state media reported.

The security forces have shown more restraint compared with earlier crackdowns against people who had pushed for democracy during almost half a century of direct military rule.

Even so, three protesters have been killed - two shot dead in the second city of Mandalay on Saturday, and a woman who died on Friday after being shot more than a week earlier in the capital, Naypyidaw.

The army has said one policeman died of injuries sustained during the protests.

The military has accused protesters of provoking violence but United Nations Special Rapporteur Tom Andrews said the millions who marched on Monday in a "breathtaking" turnout showed they were prepared to face up to military threats.

"The generals are losing their power to intimidate and with it, their power. It is past time for them to stand down, as the people of Myanmar stand up," Andrews said on Twitter.

READ: Myanmar military's leverage is actually waning, despite appearances, a commentary

The European Union said it was considering sanctions that would target businesses owned by the army, but the bloc ruled out any curtailing its trade preferences to avoid hurting poor workers.

"We are not prepared to stand by and watch," German Foreign Minister Heiko Maas said in Brussels on Monday.

The United States imposed sanctions on two more members of the junta and warned it could take more action.

The administration of President Joe Biden has previously imposed sanctions on Myanmar's acting president and several military officers, as well as three companies in the jade and gems sector.

Britain, Germany and Japan have also condemned the violence and UN Secretary-General Antonio Guterres urged the military to stop repression.

Myanmar, which has in the past been unswayed by sanctions, denounced what it called interference in its affairs.

Source: Reuters/dv

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