Myanmar: Staff Report for the 2011 Article IV Consultation.

May 7, 2012

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Myanmar: Staff Report for the 2011 Article IV Consultation., (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This Article IV Consultation reports that Myanmar’s authorities are moving forward with reforms of the exchange rate system. Priorities are establishing the market infrastructure for the planned move to a managed float, and monetary and foreign exchange policy capacity to complement plans to unify the exchange rates. Financial sector modernization remains essential to support the reform process and improve financial intermediation. Fiscal policy priorities include ending deficit monetization, reprioritizing spending, and increasing nonresource revenues for development spending within a medium-term fiscal framework.

Subject: Banking, Economic sectors, Exchange rates, Exchange restrictions, External debt, Foreign exchange, Public debt, Public sector

Keywords: Asia and Pacific, CR, Debt, Debt indicator, Deficit, Deficit monetization, East Asia, Exchange rates, Exchange restrictions, FDI rule, FEC market rate, Foreign currency, ISCR, Managed float, Mekong, Public sector, Real GDP, South Asia

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/104
Stock No:

1MMREA2012001
ISBN:

9781475503265
ISSN:

1934-7685

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