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Myanmar was a rising star in Southeast Asia before its military seized power three years ago in a takeover that has brought civil strife and a tightening vise of international sanctions, undoing ...
The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011 , the new government launched large-scale reforms , focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [ 7 ]
In December, the World Bank had projected Myanmar's economy would grow by around 2% during the current fiscal year, after estimated GDP growth of 1% in the year that ended in March 2024. "The ...
India–Myanmar relations, also known as the Indo–Burmese relations, are the bilateral relations between the Republic of India and the Republic of the Union of Myanmar. These relations encompass the political, economic and socio-cultural relations that exist between the two neighboring Asian countries.
It was the first time Myanmar had disclosed its level of foreign currency since the coup, and compares with a World Bank figure of just $7.67 billion at the end of 2020.
Myanmar is today primarily a natural gas producer. As of 2015, Myanmar exports gas to Thailand and China. [3] Myanmar had proven gas reserves of 10 trillion cubic feet in 2012, with an annual production capacity of 416 BcF. [9] Oil reserves in 2013 numbered at 50 million barrels, with a production capacity of 21,000 bbl/d. [9]
Myanmar, [d] officially the Republic of the Union of Myanmar [e] and also rendered as Burma (the official English form until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has a population of about 55 million. [ 18 ]
A civil war in Myanmar since its military unseated an elected civilian government in a February 2021 coup now risks destabilising India's 1,650-km (1,025-mile) border with Myanmar, and some of its ...