Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program
IMF Staff Country Reports, August 2, 2013
Source details
- Canonical URL
- Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program
Other formats
Bibliographic details
- Published: August 2, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616358822.002
Summary of findings
- Recent economic developments in Myanmar have been positive.
- Growth is estimated to have risen to 6½ percent in FY2012/13 (April–May), driven by gas production, construction and services.
- Inflation climbed to 4.7 percent in March 2013.
- The external current account deficit is estimated to have widened to about 4½ percent of GDP in FY2012/13, but to have been largely financed by foreign direct investment.
Macroeconomic indicators (reported)
- Real GDP growth: 6½ percent in FY2012/13 (April–May).
- Inflation: 4.7 percent in March 2013.
- External current account deficit: about 4½ percent of GDP in FY2012/13.
- Financing of current account deficit: largely financed by foreign direct investment.
Economic outlook and drivers
- The economic outlook is described as favorable.
- Growth is expected to accelerate slightly in FY2013/14.
- Expected drivers of FY2013/14 acceleration:
- Rising gas production.
- Investment, including in the transport and telecommunications sectors.
- A recovery in agriculture.
Policy themes and topics covered
- Banking
- Exchange rates
- External debt
- Fiscal policy
- Foreign exchange
- Public debt
Keywords (as listed)
- Asia and Pacific
- authority
- burden indicator
- CR
- debt
- Exchange rates
- exchange regime
- Global
- ISCR
- medium term growth strategy
- Mekong
- monetary policy
- private sector credit
- real GDP
- region government
- Southeast Asia
- U.S. dollar