Myanmar: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2012/104, IMF Staff Country Reports from International Monetary Fund

Abstract: This Article IV Consultation reports that Myanmar’s authorities are moving forward with reforms of the exchange rate system. Priorities are establishing the market infrastructure for the planned move to a managed float, and monetary and foreign exchange policy capacity to complement plans to unify the exchange rates. Financial sector modernization remains essential to support the reform process and improve financial intermediation. Fiscal policy priorities include ending deficit monetization, reprioritizing spending, and increasing nonresource revenues for development spending within a medium-term fiscal framework.

Keywords: ISCR; CR; deficit; debt; managed float; real GDP; deficit monetization; FEC market rate; debt indicator; foreign currency; FDI rule; Exchange rates; Public sector; Exchange restrictions; East Asia; Asia and Pacific; South Asia; Mekong (search for similar items in EconPapers)
Pages: 54
Date: 2012-05-07
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