Search results
Results from the WOW.Com Content Network
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 ...
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 ...
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]
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]
The International Monetary Fund (IMF) is a multilateral agency that ensures the stabilization of the international economy through economic surveillance, provide short-term loans whilst trying to correct inherent economic issues, and assist in modernizing economies to the 189 countries they are accountable for.
Army-run Myawaddy media said the military-controlled National Defence and Security Council extended emergency rule to give the junta more time to put together population data for voter lists. The ...
During the 2018 ASEAN summit, State Counsellor Aung San Suu Kyi called on businesses to invest in Myanmar. She delivered a keynote speech, inviting foreign entities to invest in the country’s priority sectors (including agriculture, food processing, fisheries, export promotion, import substitution, energy, logistics, education, healthcare and construction), saying that investing in Myanmar ...