## Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar

_IMF Staff Country Reports, March 28, 2018_

## Source details

**Canonical URL:** [Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar](https://www.imf.org/en/publications/cr/issues/2018/03/28/myanmar-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45763)

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## Bibliographic details
- Published: March 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484349175.002

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### Overview
- The 2017 Article IV Consultation highlights that Myanmar’s economy stabilized in 2016/17.
- The new government experienced a challenging first year with lower-than-expected growth of 5.9 percent in 2016/17.
- The medium-term macroeconomic outlook is described as favorable.

### Macroeconomic performance in 2016/17
- Real GDP growth: 5.9 percent in 2016/17.
- Inflation: moderated to 6.8 percent.
- Current account deficit: fell to about 3.9 percent of GDP in 2016/17 from 5.1 percent in 2015/16.
- Main near-term drag factors:
  - Weak agriculture production and exports.
  - Temporary suspension of some construction projects in Yangon.

### Outlook and projections for 2017/18
- Growth is expected to rebound to 6.7 percent in 2017/18.
- Drivers of the rebound:
  - Recovering agriculture sector.
  - Recovering exports.
  - Higher fiscal spending anticipated in the second half of 2017/18 owing to buoyant tax revenues.

### Policy-relevant themes and coverage
- Subject areas covered in the consultation:
  - Banking
  - Economic and financial statistics
  - Exchange rates
  - External debt
  - External sector statistics
  - Foreign exchange
  - Public and publicly-guaranteed external debt
  - Public debt
  - Public financial management (PFM)
  - Revenue administration

### Publication metadata (selected)
- Pages: 76
- Volume: 2018
- Issue: 090
- Series: Country Report No. 2018/090
- DOI: https://doi.org/10.5089/9781484349175.002
- ISBN: 9781484349175
- ISSN: 1934-7685
- Publication date on landing page: March 28, 2018

*International Monetary Fund. Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar, March 28, 2018.*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr1890.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr1890.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/03/28/myanmar-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45763_