Myanmar and ADB

ADB has temporarily put on hold sovereign project disbursements and new contracts in Myanmar effective 1 February 2021. ADB is closely monitoring the situation in Myanmar and remains committed to supporting its people.

Economic forecasts for Myanmar

Figures are based on the latest edition of ADB's Asian Development Outlook, which analyzes economic and development issues in Asia and the Pacific. This includes forecasting the inflation and gross domestic product growth rates of economies throughout the region.


 

Comparative economic forecasts

The latest available economic data for Myanmar compared to countries in Southeast Asia.


 

Policy Challenge—Responding to Basic Human Needs and Strengthening Climate Resilience

Living conditions are deteriorating sharply. The country faces heightened conflict, economic difficulties, food insecurity, and rapidly rising poverty, reversing the socioeconomic progress made over the past decade. The United Nations Humanitarian Response Plan estimates that 18.6 million people, or 33% of the country’s population will need humanitarian assistance in 2024, up from 17.7 million in 2023. Aid workers aim to reach 5.3 million people in critical need, requiring $994 million for lifesaving support. As of 27 January 2024, 97% of the required funding was lacking. Repeating the severe underfunding in 2023, when just 29% of the requirements were met, would be catastrophic for those affected this year. This dire humanitarian situation demands immediate global attention and a substantial increase in funding.

Myanmar’s high exposure to natural hazards and climate-related risks worsens economic and humanitarian crises. The country is highly vulnerable to natural hazards. It scores 9.2 out of 10 on the INFORM Index and ranks 160th out of 185 countries on the Notre Dame Global Adaptation Initiative Index. It shows that Myanmar is simply unprepared to deal with the physical impact of natural hazards and climate change, given its weak institutional capacity and lack of fiscal space. It remains highly susceptible to climate-related risks, with frequent extreme weather events that damage infrastructure, disrupt agriculture, displace people, and cause loss of life and livelihoods

These events also strain fiscal resources, hinder economic development, and exacerbate poverty and food insecurity, particularly among the vulnerable. Climate change has also been called a “threat multiplier” in conflict-affected countries, intensifying violence when combined with socio-political issues such as poverty, state fragility, and inequality. Flooding is a frequent annual threat, especially during the monsoon season, and has worsened since 1990. On average, natural hazards reduce annual GDP by 0.9%. After Cyclone Mocha, damage to infrastructure and agriculture was estimated at $2.4 billion, equivalent to approximately 3.4% of Myanmar’s 2021 GDP. Building resilience against natural hazards and climate change is crucial to bolster the economy and improve humanitarian conditions.

Overcoming significant constraints is key to deliver timely humanitarian aid to the poor and vulnerable groups. Myanmar’s complex operational environment, characterized by conflict and restrictions on humanitarian access, makes it difficult to deliver aid efficiently and effectively. Insecurity in conflict-affected areas significantly constrains humanitarian organizations from delivering needed aid to vulnerable populations. In regions with ongoing conflict and violence, aid workers face numerous risks to their safety and well-being. Security threats make it difficult and risky to provide humanitarian assistance. In some cases, access may be restricted entirely, preventing aid from reaching the neediest. Insecurity also poses challenges in ensuring the safety of aid deliveries. Organizations must establish strong security measures to address these challenges, provide staff training on risk reduction, and build relationships with local partners to enhance safety and security. Limited infrastructure, particularly in rural areas, hinders aid delivery. Poor transportation networks and communication systems make it difficult for aid organizations to reach needy communities, especially during emergencies

More resources

Asian Development Bank and Myanmar: Fact Sheet

Asian Development Bank and Myanmar: Fact Sheet

The Fact Sheets summarize ADB's partnerships with member economies, providing key facts and figures and an overview of activities and future directions.

Asian Development Outlook (ADO) April 2024

Asian Development Outlook

The Asian Development Outlook analyzes economic and development issues in developing countries in Asia.

Key Indicators for Asia and the Pacific 2023

Key Indicators

The Key Indicators for Asia and the Pacific publication presents data regarding the economic, financial, social, and environmental situations in a broad range of countries across the region.

Basic Statistics 2023

Basic Statistics

The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific.