{
  "title": "Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, August 2, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/myanmar-2013-article-iv-consultation-and-first-review-under-the-staff-monitored-program-40853",
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  "summary": "This 2013 Article IV Consultation highlights that 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 while inflation climbed to 4.7 percent in March 2013.",
  "sections": [
    {
      "heading": "Summary of findings",
      "content": "- Recent economic developments in Myanmar have been positive.\n- Growth is estimated to have risen to 6½ percent in FY2012/13 (April–May), driven by gas production, construction and services.\n- Inflation climbed to 4.7 percent in March 2013.\n- 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."
    },
    {
      "heading": "Macroeconomic indicators (reported)",
      "content": "- Real GDP growth: 6½ percent in FY2012/13 (April–May).\n- Inflation: 4.7 percent in March 2013.\n- External current account deficit: about 4½ percent of GDP in FY2012/13.\n- Financing of current account deficit: largely financed by foreign direct investment."
    },
    {
      "heading": "Economic outlook and drivers",
      "content": "- The economic outlook is described as favorable.\n- Growth is expected to accelerate slightly in FY2013/14.\n- Expected drivers of FY2013/14 acceleration:\n  - Rising gas production.\n  - Investment, including in the transport and telecommunications sectors.\n  - A recovery in agriculture."
    },
    {
      "heading": "Policy themes and topics covered",
      "content": "- Banking\n- Exchange rates\n- External debt\n- Fiscal policy\n- Foreign exchange\n- Public debt"
    },
    {
      "heading": "Keywords (as listed)",
      "content": "- Asia and Pacific\n- authority\n- burden indicator\n- CR\n- debt\n- Exchange rates\n- exchange regime\n- Global\n- ISCR\n- medium term growth strategy\n- Mekong\n- monetary policy\n- private sector credit\n- real GDP\n- region government\n- Southeast Asia\n- U.S. dollar\n\n---\n\n Content in this bundle\n\n- cr13250\n  - cr13250 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13250 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 2, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616358822.002",
    "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.",
    "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.",
    "The economic outlook is described as favorable.",
    "Growth is expected to accelerate slightly in FY2013/14.",
    "Expected drivers of FY2013/14 acceleration:",
    "Asia and Pacific",
    "authority",
    "burden indicator",
    "CR",
    "debt",
    "exchange regime",
    "Global",
    "ISCR",
    "medium term growth strategy",
    "Mekong",
    "monetary policy",
    "private sector credit",
    "real GDP",
    "region government",
    "Southeast Asia",
    "U.S. dollar",
    "**_cr13250**"
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