Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program

August 2, 2013

Preview Citation

Format: Chicago

Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This 2013 Article IV Consultation highlights that recent economic developments in Myanmar have been positive. Growth is estimated to have risen to 6½ percent in FY2012/13 (April–May), driven by gas production, construction and services while inflation climbed to 4.7 percent in March 2013. The external current account deficit is estimated to have widened to about 4½ percent of GDP in FY2012/13, but to have been largely financed by foreign direct investment. The economic outlook remains favorable. Growth is expected to accelerate slightly in FY2013/14, led by rising gas production and investment, including in the transport and telecommunications sectors, and a recovery in agriculture.

Subject: Banking, Exchange rates, External debt, Fiscal policy, Foreign exchange, Public debt

Keywords: Asia and Pacific, Authority, Burden indicator, CR, Debt, Exchange rates, Exchange regime, Global, ISCR, Medium term growth strategy, Mekong, Monetary policy, Private sector credit, Real GDP, Region government, Southeast Asia, U.S. dollar

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/250
Stock No:

1MMREA2013002
ISBN:

9781616358822
ISSN:

1934-7685

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