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

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Myanmar : 2013 Article IV Consultation and First Review Under the Staff-Monitored Program
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Volume/Issue:
2013/250
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Asia and Pacific Dept
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 2013
DOI:
http://dx.doi.org/10.5089/9781616358822.002
ISBN:
9781616358822
ISSN:
1934-7685
Page:
78
This 2013 Article IV Consultation highlights that recent economic developments in Myanmar have been positive. Growth is estimated to have risen to 61/2 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 41/2 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.
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Myanmar: Staff Report for the 2013 Article IV Consultation and First Review Under the Staff-Monitored Program—Debt Sustainability Analysis

Author(s):
International Monetary Fund. Asia and Pacific Dept
Published Date:
August 2013
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