Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth

Vikram Nehru ()
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Vikram Nehru: Carnegie Endowment for International Peace

No 430, ADB Economics Working Paper Series from Asian Development Bank

Abstract: The finance sector is the lifeblood of any economy and its smooth functioning is central to rapid and inclusive economic growth. A well-functioning financial system must intermediate efficiently between savers and borrowers; manage risks prudently; provide a wide variety of financial services to firms, farms, and households; mobilize savings effectively; identify and lend for sound investments; remain robust in the face of shocks; and ensure that access to finance is available to all. This paper presents broad outlines of a reform strategy to develop a stable and efficient finance sector that supports rapid and inclusive growth in Myanmar.

Keywords: access to finance; finance sector; inclusive growth; Myanmar; savings mobilization (search for similar items in EconPapers)
JEL-codes: E44 G21 G23 G28 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2015-04-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0430

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