{
  "title": "Myanmar: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar",
  "publication": "IMF Staff Country Reports, April 10, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/04/10/myanmar-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46748",
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  "summary": "This 2018 Article IV Consultation highlights that Myanmar’s economy is expected to gain steam albeit at a somewhat slower pace than previously envisaged but faces greater downside risks including from the crisis in Rakhine state.",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Myanmar’s economy is expected to gain steam albeit at a somewhat slower pace than previously envisaged.\n- The economy faces greater downside risks including from the crisis in Rakhine state.\n- Long-term prospects remain strong, supported by:\n  - a growing demographic dividend,\n  - a competitive labor force,\n  - its strategic location.\n- 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)."
    },
    {
      "heading": "Financial sector and monetary policy recommendations",
      "content": "- Strengthen financial regulations and supervision with a view to ensuring financial stability and deepening.\n- Form contingency plans to address systemic banking risks.\n- Strengthen the resolution framework.\n- Fiscal policy should be directed towards SDG-related spending, while lowering Central Bank of Myanmar financing and ensuring debt sustainability."
    },
    {
      "heading": "Structural reforms and business environment",
      "content": "- The business environment is expected to benefit from:\n  - upgraded infrastructure,\n  - access to finance,\n  - strengthening of the overall governance framework."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: Banking, Central banks, Economic and financial statistics, External debt, External sector statistics, Monetary operations, Public debt, Revenue administration\n- 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\n\n---\n\n Content in this bundle\n\n- 1mmrea2019002\n  - 1mmrea2019002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mmrea2019002 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 10, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498307093.002",
    "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:",
    "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:",
    "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",
    "**1mmrea2019002**"
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