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

International Monetary Fund

No 2013/250, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; real GDP; authority; debt; U.S. dollar; medium term growth strategy; private sector credit; region government; exchange regime; monetary policy; burden indicator; Exchange rates; Global; Southeast Asia; Asia and Pacific; Mekong (search for similar items in EconPapers)
Pages: 78
Date: 2013-08-02
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