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Myanmar: Selected Issues
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 091
Language:
English
Publication Date:
28 Mar 2018
DOI:
https://doi.org/10.5089/9781484349182.002
ISBN:
9781484349182
ISSN:
1934-7685
Pages:
34
Keywords:
ISCR; CR; Myanmar; bank; private bank; value chain; FDI; IMF staff calculation; growth takeoff; private bank lending; policy bank; banking system action plan; increase bank capital; FDI inflow; Commercial banks; Credit; Global value chains; Financial inclusion; Global; Asia and Pacific
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This Selected Issues paper analyzes banking sector developments in Myanmar. It highlights that latent banking sector risks are surfacing, following a period of rapid credit growth and as banks adjust to updated financial regulations. Over time banks will need to enhance their credit risk management, and reduce the over-reliance on collateral values to safeguard lending. A banking system action plan has been developed, to enhance the banking system’s resilience, as well as strengthen the supervisory and resolution framework. The ongoing overhaul of the prudential framework and financial sector reforms will strengthen the banking sector and its role in supporting the economy.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund