Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

July 2, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backdrop of a frail healthcare system and inadequate social safety nets, as well as already low international reserves and a fragile banking system. The measures to contain and alleviate the effects of the pandemic open up sizeable BOP and fiscal financing gaps in the near term.

Series:

Country Report No. 2020/215

Subject:

Frequency:

regular

English

Publication Date:

July 2, 2020

ISBN/ISSN:

9781513548937/1934-7685

Stock No:

1MMREA2020005

Format:

Paper

Pages:

49

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