Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

July 2, 2020

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Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Summary

The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backdrop of a frail healthcare system and inadequate social safety nets, as well as already low international reserves and a fragile banking system. The measures to contain and alleviate the effects of the pandemic open up sizeable BOP and fiscal financing gaps in the near term.

Subject: Banking, COVID-19, Credit, External debt, Health, Monetary base, Money, Public debt

Keywords: CBM financing, COVID-19, CR, Credit, Financing, Financing needs, Global, IMF emergency financing, IMF's article, ISCR, Monetary base, Myanmar economy

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/215
Stock No:

1MMREA2020005
ISBN:

9781513548937
ISSN:

1934-7685

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