Myanmar: Selected Issues
March 28, 2018
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This Selected Issues paper analyzes banking sector developments in Myanmar. It highlights that latent banking sector risks are surfacing, following a period of rapid credit growth and as banks adjust to updated financial regulations. Over time banks will need to enhance their credit risk management, and reduce the over-reliance on collateral values to safeguard lending. A banking system action plan has been developed, to enhance the banking system’s resilience, as well as strengthen the supervisory and resolution framework. The ongoing overhaul of the prudential framework and financial sector reforms will strengthen the banking sector and its role in supporting the economy.
Subject: Banking, Commercial banks, Credit, Financial inclusion, Financial institutions, Financial markets, Global value chains, Globalization, Money, Poverty
Keywords: Asia and Pacific, bank, banking system action plan, Commercial banks, CR, Credit, FDI, FDI inflow, Financial inclusion, Global, Global value chains, growth takeoff, IMF staff calculation, increase bank capital, ISCR, Myanmar, policy bank, private bank, private bank lending, value chain
Pages:
34
Volume:
2018
DOI:
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Issue:
091
Series:
Country Report No. 2018/091
Stock No:
1MMREA2018002
ISBN:
9781484349182
ISSN:
1934-7685
