Myanmar: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper examines the strategy and priorities for reform in Myanmar’s financial sector. The IMF helped design and implement a foreign currency auction by the Central Bank of Myanmar (CBM), as a first step to develop foreign currency price discovery and replace a heavily regulated formal market segmented from informal markets, with the ultimate objective of creating a unified market. Key achievements have included new legislation to establish an autonomous CBM with clearer authority for licensing, supervision and regulation of banks, and monetary policy, in line with a new mandate for price and financial stability. Significant progress has also been made in bank supervision.
Series:
Country Report No. 2017/031
Subject:
Climate change Environment Financial inclusion Financial institutions Financial markets Infrastructure International organization Monetary policy National accounts Natural disasters State-owned banks
English
Publication Date:
February 2, 2017
ISBN/ISSN:
9781475574135/1934-7685
Stock No:
1MMREA2017002
Pages:
44
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