IMF and the World Bank slashes growth forecasts

ADB and IMF predict growth despite pandemic

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
IMF and the World Bank slashes growth forecasts

IMF predicts slow growth regardless of pandemic

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 foreign debt

Myanmar foreign debt now totals US$10.2 billion

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
Momentum loss in Myanmar Economy

IMF warns momentum loss in Myanmar Economy

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
IMF and the World Bank slashes growth forecasts

IMF and the World Bank revise growth forecasts for Myanmar

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