Social Affairs

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Since 2010, the government has begun a series of reforms to remove economic distortions, such as floating the currency, new fiscal regulations to rationalize personal income tax and reduce consumption tax, liberalizing the telecommunications sector, reforms aimed at developing the private sector and stimulating direct foreign investments, a review of the financial sector, promotion of access to finance, and creating an environment conducive to job creation. Despite recent positive economic performance, most social indicators are very low. For example, 32 percent of children under five suffer from malnutrition. Limited access to and the poor state of infrastructure are major impediments to providing basic health and education services and for economic development. Almost half the roads are not passable during the monsoon season (World Bank's Myanmar Overview, Feb. 2014).