{
  "title": "Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar",
  "publication": "IMF Staff Country Reports, July 2, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542",
  "overlayPath": "/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/index.md",
  "summary": "The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand.\n- The economic and social costs of a widespread outbreak could be large, given a frail healthcare system and inadequate social safety nets.\n- Myanmar faces already low international reserves and a fragile banking system.\n- Measures to contain and alleviate the effects of the pandemic open up sizeable BOP and fiscal financing gaps in the near term."
    },
    {
      "heading": "Major risks and transmission channels",
      "content": "- Weaker exports\n- Reduced tourism receipts\n- Lower remittances\n- Weakened domestic demand\n- Strain on a frail healthcare system\n- Insufficient social safety nets\n- Low international reserves\n- Fragile banking system"
    },
    {
      "heading": "Policy implications and financing needs",
      "content": "- Near-term sizeable balance of payments (BOP) and fiscal financing gaps are expected as a result of containment and alleviation measures.\n- IMF emergency financing instruments referenced: Rapid Credit Facility and Rapid Financing Instrument.\n- Keywords indicating focus areas: CBM financing, COVID-19, CR, Credit, financing, financing needs, Global, IMF emergency financing, IMF's article, ISCR, Monetary base, Myanmar economy."
    },
    {
      "heading": "Document and metadata",
      "content": "- Publication title: Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar\n- Date: July 2, 2020\n- Series: Country Report No. 2020/215\n- Issue: 215\n- Volume: 2020\n- Pages: 49\n- DOI: https://doi.org/10.5089/9781513548937.002\n- ISBN: 9781513548937\n- ISSN: 1934-7685\n- Subject: Banking, COVID-19, Credit, External debt, Health, Monetary base, Money, Public debt\n\nSource: IMF Staff Country Reports — \"Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar\", July 2, 2020.\n\n---\n\n Content in this bundle\n\n- 1mmrea2020005\n  - 1mmrea2020005 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mmrea2020005 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/bundle-manifest.json)",
    "Published: July 2, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513548937.002",
    "The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand.",
    "The economic and social costs of a widespread outbreak could be large, given a frail healthcare system and inadequate social safety nets.",
    "Myanmar faces already low international reserves and a fragile banking system.",
    "Measures to contain and alleviate the effects of the pandemic open up sizeable BOP and fiscal financing gaps in the near term.",
    "Weaker exports",
    "Reduced tourism receipts",
    "Lower remittances",
    "Weakened domestic demand",
    "Strain on a frail healthcare system",
    "Insufficient social safety nets",
    "Low international reserves",
    "Fragile banking system",
    "Near-term sizeable balance of payments (BOP) and fiscal financing gaps are expected as a result of containment and alleviation measures.",
    "IMF emergency financing instruments referenced: Rapid Credit Facility and Rapid Financing Instrument.",
    "Keywords indicating focus areas: CBM financing, COVID-19, CR, Credit, financing, financing needs, Global, IMF emergency financing, IMF's article, ISCR, Monetary base, Myanmar economy.",
    "Publication title: Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar",
    "Date: July 2, 2020",
    "Series: Country Report No. 2020/215",
    "Issue: 215",
    "Volume: 2020",
    "Pages: 49",
    "DOI: https://doi.org/10.5089/9781513548937.002",
    "ISBN: 9781513548937",
    "ISSN: 1934-7685",
    "Subject: Banking, COVID-19, Credit, External debt, Health, Monetary base, Money, Public debt",
    "**1mmrea2020005**"
  ],
  "related": [
    {
      "title": "1mmrea2020005",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2020/english/1mmrea2020005.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2020/english/1mmrea2020005.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2020/english/1mmrea2020005.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/index.md",
    "json": "/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/index.json",
    "bundleManifest": "/en/publications/cr/issues/2020/07/02/myanmar-requests-for-disbursement-under-the-rapid-credit-facility-and-purchase-under-the-49542/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T19:06:16.002Z"
}