Myanmar and ADB
In the Spotlight
Myanmar’s economy is projected to stay on a steady growth path over the next 2 years, supported by economic reforms, strong global growth, and higher foreign direct investment flows, according to a new ADB report.
This Bond Market Guide provides an update for current and future domestic, regional, and international market participants on the tremendous developments in the Myanmar securities market.
Along with the recently revised Myanmar Investment Law, the passage of the Myanmar Companies Law represents an important step toward creating an enabling business environment in the country.
Yoma Bank signed an agreement with ADB's Trade Finance Program to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar.
Emerging from decades of economic and political isolation, Myanmar is striving for inclusive economic growth and poverty reduction. The country has strong potential for broad economic expansion, possessing abundant natural resources, a strategic location at the crossroads of Asia, a young population, and a sizable market with wide-ranging investment opportunities. Successful national elections, held in November 2015, represented an important milestone in Myanmar’s transition.
ADB operations in Myanmar focuses on building human resources and capacity, creating an enabling economic environment, and expanding access and connectivity.
Myanmar is a member of the Greater Mekong Subregion (GMS).
Read the ADB and Myanmar fact sheet.
Projects in Myanmar
- Greater Mekong Subregion Health Security Project
- Support for Sanitary and Phytosanitary Arrangements Development
- Strengthening Institutional Knowledge and Capacity of Customs Administrations for Trade Facilitation within the Association of Southeast Asian Nations
- Strengthening Trade Facilitation in the GMS through Partnerships with the Private Sector
- Asian Development Outlook 2015