## 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](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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## Bibliographic details
- Published: August 2, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616358822.002

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### 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

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- **_cr13250**
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_Source: 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_