Myanmar

Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy. 

A new budget signalled major funding boosts in Myanmar for the power and education sectors, both of which have been identified as structural weaknesses in the economy. 

Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. 

Higher levels of investment and access to credit are essential for the development of Myanmar’s agriculture sector to reach its full potential, according to experts.

A surge in foreign investment, together with solid domestic demand, helped Myanmar achieve a strong growth in 2014. However, the year also brought challenges, which contributed to a widening in the trade deficit as the country relies heavily on imports to support skyrocketing domestic demand.

Foreign banks are about to make a return to Myanmar after an absence of more than 50 years, in a move that is intended to support foreign direct investment (FDI) and improve existing services.