4The IMF concluded its Article IV Consultation with Myanmar, as well as its first review of the Staff-Monitored Programme, in May 2013. Shortly thereafter it made an announcement to the press, which said, “Sustained increases in tax revenues are crucial to boost expenditure and reduce dependence on natural resources. This requires broadening the...
Myanmar is one of the more promising nations for investment into manufacturing. Wages are some of the lowest in the world, workers are productive and the literacy rate is in the high ninety percentile. In addition, the country is actively targeting manufactured goods after years of isolation, with legal reform and better regulation gathering...
Myanmar’s very name is evocative for many, conjuring images of an exotic land of famous golden pagodas, teeming jungles, rolling mountains, pristine tropical beaches, longyi-wearing monks and traditional cities with wooden shophouses and busy markets. Now more and more foreign visitors are able to come and see this storied country for...
How can the Small and Medium Industry Development Policy (SMIDP) ensure the development of local small and medium-sized enterprises (SMEs)?
Despite years of isolation and despite being a relatively poor country, Myanmar has a surprisingly developed transportation network. It has 66 airports, eight airlines, more than 5500 km of rail and about 150,000 km of roads. Some of it is no doubt historic. The first railway line was installed in 1877 by the British and by the Japanese invasion...
Judging by the size of its mineral deposits, you would expect a bonanza: Myanmar has an abundance of gold, silver, platinum, tin, tungsten, zinc, copper and gemstones. Yet very little of this has been exploited. Insurgent activity and poor transport have made the more ore-rich areas of the country hard to reach, while a host of foreign sanctions...
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