Myanmar: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

September 18, 2015

Preview Citation

Format: Chicago

Myanmar: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that Myanmar’s economic growth remains strong, but macroeconomic imbalances have increased significantly over the past year. Real GDP growth for FY2014/15 (April–March) is estimated to have reached 8.5 percent. The fiscal deficit increased to 3 percent of GDP in FY2014/15, while credit to the private sector continued to grow strongly at 35 percent (year over year) in March, albeit lower than in FY2013/14. The current account deficit widened to more than 6 percent of GDP, largely reflecting a rapidly rising trade deficit. The Myanmar economy is set for strong growth in 2015 amid signs of overheating. The economy is expected to grow by 8.5 percent, reflecting strong growth momentum and expansionary macroeconomic policies.

Subject: Balance of payments, Banking, Current account deficits, Economic and financial statistics, External debt, External sector statistics, Government debt management, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, CBM financing, CBM's discount window, Center, CR, Current account deficits, Deficit, External sector statistics, Five-Year National Development Plan, Global, Government, Government debt management, Government securities market, ISCR, Lower-than-expected FDI, Mekong, Southeast Asia

Publication Details

Pages:

79
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2015/267
Stock No:

1MMREA2015001
ISBN:

9781513509976
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports