Since the political reforms of 2011, a number of significant steps towards liberalisation have been taken in the banking sector. The Central Bank of Myanmar has been given much needed autonomy and ATMs are now allowed in the country. Further aiding accessibility, mobile banking services have been introduced. New private banks are being set up and foreign banks have been granted licences to...
Financial Services
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Chapter | Financial Services from The Report: Myanmar 2016
Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
Articles & Analysis | Government initiative to increase financial inclusion in Peru from The Report: Peru 2016
In September 2015 a presidential decree was issued formalising a national strategy for financial inclusion. The overall aim of the strategy is to develop access to financial services and employment opportunities for the country’s low-income population, particularly those living in rural and remote areas. The strategy consists of seven main...
Articles & Analysis | New capital gains tax exemptions in Peru from The Report: Peru 2016
Before September 2015, all share transactions on the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) attracted a 5% tax on capital gains. The tax was disliked by market players, who suggested that it be repealed. But the authorities did not take action until low liquidity levels threatened to have the BLV downgraded from emerging market to...
Articles & Analysis | Peru market reforms to increase liquidity and trade from The Report: Peru 2016
The Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has had a difficult three years in 2013-15, but market players believe conditions are beginning to point to a recovery in 2016.
Articles & Analysis | Peru's new policies seek to reduce dollar debt from The Report: Peru 2016
After the hyper-inflationary shocks of the 1980s Peruvians had low levels of confidence in the national currency, as well as in government policy-making in general. Subsequent governments have sought to rebuild trust and restore macroeconomic stability. Part of achieving this was to allow free convertibility between the Peruvian nuevo sol and...