Current forecasts predict Myanmar to be one of Asia’s few economies to grow amid the COVID-19 pandemic. The recently-released Asian Development Outlook from the Asian Development Bank predicts the Myanmar economy to grow 4.8% this year despite
Myanmar should expect “subdued” economic growth thanks to its upcoming election, armed conflicts and an unstable banking sector, said the International Monetary Fund (IMF) in its annual consultation. The IMF reached these conclusions befo
Myanmar ended the 2017-2018 fiscal year with US$10.2 billion in foreign debt, the Joint Public Accounts Committee reported to the Union Parliament. That is an 11.5% rise from the previous fiscal year. According to the committee, China is Myanmar̵
The International Monetary Fund (IMF) warned that “risks are tilted to the downside” referring to the concerns over the failure to address the humanitarian issues of Rakhine crisis. It was also warned that the Myanmar economy “appears to be los
The International Monetary Fund (IMF) and the World Bank have both cut their GDP growth estimates for Myanmar in 2018-19. This highlights further indications of a lack of confidence in the country’s economy. In a statement, the IMF revised its grow