Myanmar: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

IMF Staff Country Reports, April 10, 2019

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Canonical URL: Myanmar: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Myanmar’s economy is expected to gain steam albeit at a somewhat slower pace than previously envisaged.
The economy faces greater downside risks including from the crisis in Rakhine state.
Long-term prospects remain strong, supported by:
- a growing demographic dividend,
- a competitive labor force,
- its strategic location.
Successful implementation of the second wave of reforms in the Myanmar Sustainable Development Plan, with a focus on peace, stability and good governance, will help sustain the growth take-off and achieve the Sustainable Development Goals (SDGs).

Strengthen financial regulations and supervision with a view to ensuring financial stability and deepening.
Form contingency plans to address systemic banking risks.
Strengthen the resolution framework.
Fiscal policy should be directed towards SDG-related spending, while lowering Central Bank of Myanmar financing and ensuring debt sustainability.

The business environment is expected to benefit from:
- upgraded infrastructure,
- access to finance,
- strengthening of the overall governance framework.

Subject: Banking, Central banks, Economic and financial statistics, External debt, External sector statistics, Monetary operations, Public debt, Revenue administration
Keywords: Asia and Pacific, capital goods import, CR, deposit auction rate, External sector statistics, FDI inflow, FDI project approval, Global, inflation rate., ISCR, Monetary operations, Myanmar's Union parliament, rate