Myanmar: Staff-Monitored Program

International Monetary Fund

No 2013/013, IMF Staff Country Reports from International Monetary Fund

Abstract: Myanmar is a low-income country, and with the right reforms, it can realize its rich economic potential. The government has embarked on a bold and historic set of reforms, which are already bearing fruit. Executive Directors support the steps for ensuring macroeconomic stability. Exchange rate unification will be an important foundational step for securing macroeconomic stability, which will help boost competitiveness and trade. A consistent monetary policy framework and containing fiscal deficits will give higher and stable revenues to fund development needs.

Keywords: ISCR; CR; U.S. dollar; managed float; central bank; monetary policy; budget deficit; foreign exchange; growth strategy; private sector; implementation ability; Union government; Exchange rates; Government debt management; Arrears; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 37
Date: 2013-01-17
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