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Temples in the archaeological zone of Bagan, Myanmar. COVID-19 has affected some of Myanmar’s key economic growth engines, including tourism. (photo: Sean Pavone/ iStock)

Six Charts on Myanmar's Economy in the Time of COVID-19

July 7, 2020

A frontier economy, Myanmar experienced rapid growth as it opened up in the 2000s, with GDP growth rates among the highest in Asia. However, growth had already been slowing when the coronavirus shock hit in early 2020.

Paraguay Beats the Pandemic and Seeks New Growth

July 2, 2020

Paraguay acted forcefully against COVID-19 and succeeded in containing the pandemic with very few cases and casualties. But the economic impact has been harsh: GDP is forecast to shrink 5 percent this year. As it seeks to revive growth, the country is also undertaking reforms to improve governance and business climate.

Combating the Impact of COVID-19 in Montenegro

July 2, 2020

Like many tourism-dependent countries, Montenegro has been hit hard from the effects of COVID-19. On June 24, 2020, the Balkan country received an emergency loan worth $83.7 million under the IMF’s Rapid Financing Instrument to help its economy weather the economic disruption caused by the collapse of tourism and to support higher health spending.

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