More than 75 percent of Burmese people are facing poverty

The United Nations Development Program (UNDP) announced on June 24 that 42 million people are facing poverty in Myanmar, which is facing economic decline and general crisis after the military coup.

This is more than 75 percent of Myanmar's population. In addition, more than 13 million people are facing food insecurity.

In addition to cuts in international aid as a result of the coup d'état, UN development aid has also been reduced by more than 40 percent between 2020 and 2022, according to UNDP.

The inflow of foreign currency into the country has decreased. Due to excessive currency inflation and the war affecting agriculture, food shortages are occurring and commodity prices are rising.

Economic analysts told RFA that the economy is facing a recession because of the war council's mismanagement of the economy, and short-term solutions are no longer working.

The Chairman of the Military Council, General Min Aung Hlaing, said earlier this year that despite the crisis, Myanmar's economy is improving.

UNDP aims to provide assistance to eight million people in Myanmar by the end of 2025, and has said that it will prioritize the promotion of agriculture.