Publication: Myanmar-World Bank Group Partnership: Country Program Snapshot
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2016-02
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2016-02
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Myanmar grew at an estimated 8.5 percent in real terms in 2014-15. Economic reforms have supported consumer and investor confidence despite business environment and socio-political challenges. The economic impact of the floods that hit Myanmar from July 2015 is still being assessed, but will likely adversely affect the main rice crop this year. According to preliminary analysis of census data, the areas most affected by the floods are those where people were relatively worse off. Fiscal policy is expected to remain broadly on track, but the current account will come under further pressure due to import demand for post-flood rehabilitation and slowing agricultural exports. Addressing short-term macroeconomic challenges will require continued efforts at maintaining exchange rate flexibility supported by fiscal and monetary discipline. Supporting governance improvements is a core focus of the World Bank Group (WBG) program. The WBG is well positioned to support the improvement of corporate governance standards in order to build confidence and facilitate investment in domestic firms.
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“World Bank Group. 2016. Myanmar-World Bank Group Partnership: Country Program Snapshot. © World Bank. http://hdl.handle.net/10986/24039 License: CC BY 3.0 IGO.”
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