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Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

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Southeast Asia's Plans for an Economic Community

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Overview

Economic growth in Myanmar accelerated in 2012, with recent growth supported by higher levels of investment propelled by improved business confidence, commodity exports, buoyant tourism, and credit growth. The economy is expected to post even higher growth in the year ahead.

ADB's interim country partnership strategy, 2012-2014, seeks to support the government in achieving sustainable and inclusive growth for job creation and poverty reduction.

Fast Facts

61.65 (2013)
Population in millions

1.1% (2008–2013)
Average annual population growth rate

25.6% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
316.10 / 27.10
Agriculture (15)
 
86.80 / 7.44
Energy (5)
 
20.00 / 1.71
Finance (2)
 
63.10 / 5.41
Health (2)
 
26.40 / 2.26
Industry and Trade (3)
 
575.50 / 49.34
Public Sector (1)
 
42.50 / 3.64
Transport and ICT (2)
 
35.96 / 3.08
Water Supply (4)
 
1,166.36 / 100.00
TOTAL (34)
Cumulative as of 31 December 2013