Myanmar: Recent Economic Developments
December 10, 1999
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This paper reviews economic developments in Myanmar during the 1990s. The economic performance of Myanmar in the 1990s has fallen short of other countries in the region. The Asian crisis has had an unexpectedly limited impact on Myanmar. Following the floating of the Thai baht in June 1997, the free market exchange rate depreciated rapidly, leading to a surge in inflation. Other effects of the crisis have included a slowing in growth of tourist arrivals and delayed receipt of gas export revenues.
Subject: Banking, Economic sectors, Expenditure, Exports, Foreign exchange, Imports, International trade, Public sector
Keywords: Asia and Pacific, broad money, capital expenditure, central bank, CR, East Asia, exchange rate, Exports, foreign currency, Imports, ISCR, Myanmar authorities, private bank, private sector, Public sector, U.S. dollar
Pages:
82
Volume:
1999
DOI:
Issue:
134
Series:
Country Report No. 1999/134
Stock No:
1MMREA0011999
ISBN:
9781451826685
ISSN:
1934-7685
