Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth
Publication | April 2015
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The finance sector is the lifeblood of any economy and its smooth and efficient functioning is central to strong economic growth and development.
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The Government of Myanmar has made swift progress in reforming the policy and institutional environment for the finance sector since the launch of broad economic reforms. Rapid development of the finance sector, while ensuring stability, efficiency, and increasing access to financial services, is now the priority. To achieve these objectives, the government needs to prepare a finance sector development strategy.
This paper presents broad outlines of a reform strategy to develop a well-functioning financial system that supports rapid and inclusive growth in Myanmar.
Contents
- Figures and Boxes
- Abstract
- Introduction
- The Legacy of the Past
- The Current Structure of the Financial System
- Financial System Performance
- Recent and Ongoing Reforms
- Need for a Finance Sector Strategy
- Key Components of a Forward-Looking Finance Sector Reform Strategy
- Sequencing Reforms For Finance Sector Development
- Appendix 1: Capital Market Development
- Appendix 2: Microfinance Providers In Myanmar
- References
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