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

_IMF Staff Country Reports, April 10, 2019_

## Source details

**Canonical URL:** [Myanmar: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar](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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## Bibliographic details
- Published: April 10, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498307093.002

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### Executive summary and outlook
- 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).

### Financial sector and monetary policy recommendations
- 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.

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

### Subject areas and keywords (as listed)
- 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

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_Source: 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_