IMF gives additional USD 356.5 million

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The International Monetary Fund (IMF) has approved USD 356.5 in financing to aid Myanmar’s fight against COVID-19 and efforts to protect its economy. IMF has granted the financing in two forms: a disbursement of about USD 118.8 million under it

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Myanmar may take IMF, World Bank pandemic loans

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Myanmar is considering taking advantage of emergency loans from global organizations to help ease the economic fallout of the COVID-19 pandemic. “We may seek emergency funds in the future, if things lead to the need for that,” U Aung Naing Oo, wh

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IMF and the World Bank slashes growth forecasts

IMF predicts slow growth regardless of pandemic

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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

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