A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Southeast Asia's Plans for an Economic Community

ASEAN countries plan to launch a single market for goods, services, capital and labor, potentially one of the largest economies and markets in the world. Read More

GMS Economic Corridors Must Yield More Jobs and Investment

Stakeholders from the six Greater Mekong Subregion countries reviewed achievements in the GMS economic corridors over the last 6 years at a forum in Ha Noi, Viet Nam. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

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