Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Energy Cooperation in the GMS: Progress, Prospects, and Priorities

An ADB report, Assessment of the Greater Mekong Subregion Energy Sector Development: Progress, Prospects, and Regional Investment Priorities, updates information on regional energy resources and analyzes prospects for energy sector development and how regional cooperation can contribute to national goals. Read More

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Risk of Asset Price Bubble Looms over Emerging East Asia

Strong demand for emerging East Asia’s local currency bonds continues but regulators must manage risks from high capital inflows. Read More

Overview

Myanmar embarked on a path of political and economic reforms in 2011, paving the way for developing the country’s large potential.

According to a 2012 ADB study, Myanmar could follow Asia’s fast growing economies and expand at 7% to 8% a year, become a middle income nation, and triple per capita income by 2030 if it can surmount substantial development challenges by further implementing across-the-board reforms.

In August 2012, ADB stepped up its presence in Myanmar by assigning more staff to extended missions in the country.

Fast Facts

61.12 (2012)
Population in millions

1.1% (2010–2012)
Annual population growth rate

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

ADB Lending

Amount ($M) / %
Sector (No. of loans)
316.10 / 59.54
Agriculture (15)
 
26.80 / 5.05
Energy (4)
 
20.00 / 3.77
Finance (2)
 
63.10 / 11.89
Health (2)
 
26.40 / 4.97
Industry and Trade (3)
 
42.50 / 8.01
Transport and ICT (2)
 
35.96 / 6.77
Water Supply (4)
 
530.86 / 100.00
TOTAL (32)
Cumulative as of 31 December 2012