Current Account Deficit

Government, private sector promote local SME goods with export potential

June 5, 2018 by Thiha

The government is working together with the private sector to promote locally produced goods, including those made in the states and regions beyond Yangon. The aim is to export the goods and narrow the trade deficit, which is in line with the National Export Strategy. Last week, the Union of Myanmar Federation of Chambers of […]

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ADB sees positive economic prospects for Myanmar, depending on FDI

April 19, 2018 by Thiha

The Myanmar economy is on target for further growth in 2017-18 and as it moves forward into a fresh fiscal year, but there are policy and reform risks that could derail growth, said Yumiko Tamura, principal country specialist, ADB Myanmar Resident Mission at the Asian Development Bank (ADB). Ms Tamura yesterday presented the ADB’s growth […]

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Myanmar needs to build more financial institutions, says IMF

January 23, 2014 by thiha

YANGON—The International Monetary Fund is urging Myanmar to build more financial institutions in order to achieve further development and continuous growth, a senior official said on Tuesday. “I think the government’s decision last year to establish an autonomous central bank is a very important one. Myanmar needs to build more institutions to manage its economy. […]

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