Myanmar: Recent Economic Developments

International Monetary Fund

No 1999/134, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Myanmar during the 1990s. The economic performance of Myanmar in the 1990s has fallen short of other countries in the region. The Asian crisis has had an unexpectedly limited impact on Myanmar. Following the floating of the Thai baht in June 1997, the free market exchange rate depreciated rapidly, leading to a surge in inflation. Other effects of the crisis have included a slowing in growth of tourist arrivals and delayed receipt of gas export revenues.

Keywords: ISCR; CR; U.S. dollar; private sector; capital expenditure; exchange rate; foreign currency; private bank; Myanmar authorities; broad money; central bank; Public sector; Imports; Exports; East Asia; Asia and Pacific (search for similar items in EconPapers)
Pages: 82
Date: 1999-12-10
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