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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 ]
The 2003 banking crisis of Myanmar was a major bank run in private banking that hit Myanmar (Burma) in February 2003. It started with a decline in the trust for private financial institutions following the collapse of small financial enterprises and proliferating rumors about the liquidity of major private banks.
The Pyidawtha Plan (Burmese: ပြည်တော်သာစီမံကိန်း) was an eight-year national economic development plan established by the Burmese government in 1952, to develop an industrialized welfare state in post-colonial Burma.
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 ...
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 ...
Bilateral relations between Myanmar and the Republic of India have improved considerably since 1993, overcoming disagreements related to drug trafficking, the suppression of democracy and the rule of the military junta in Myanmar. Myanmar is situated to the south of the states of Mizoram, Manipur, Nagaland and Arunachal Pradesh in Northeast ...
The economic liberalization of Myanmar refers to the policy of liberalization orienting Myanma laws toward an open market economy. This process was initiated following the coup d’état of the Burmese junta in 1988 in order to transform the underperforming Burmese economy .
"The problem of corruption in Myanmar is particularly severe in the area of business activity," states one source. [11] A firm wishing a construction permit must go through an application process involving (on average) 16 procedures, a 159-day wait, and a cost of about 567% of income per capita. [ 25 ]