Myanmar: Selected Issues

February 2, 2017

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Format: Chicago

Myanmar: Selected Issues, (USA: International Monetary Fund, 2017) accessed March 19, 2025

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.

Subject: Climate change, Environment, Financial inclusion, Financial institutions, Financial markets, Infrastructure, International organization, Monetary policy, National accounts, Natural disasters, State-owned banks

Keywords: Climate change, Financial inclusion, Foreign currency market, Global, Government effectiveness, Infrastructure, Market-clearing role, Monetary policy arrangement, Myanmar economy, Natural disasters, Poverty rate, Price discovery, Southeast Asia, State-owned banks

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/031
Stock No:

1MMREA2017002
ISBN:

9781475574135
ISSN:

1934-7685

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