Country’s development threatened by military takeover: World Bank
Following the coup by the military, the World Bank said it was gravely concerned about the current situation in Myanmar, warning the events risked a major setback to the country’s transition and its development prospects. “We are concerned about
IMF predicts only 0.5% growth in FY 2020/21
The International Monetary Fund has revised its growth forecast to a scant 0.5% for the fiscal year. This is down from an estimated 3.2% growth for the previous fiscal year, which itself was only around half of pre-pandemic expectations. “While
