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Agriculture in Myanmar (also known as Burma) is the main industry in the country, accounting for 60 percent of the GDP and employing some 65 percent of the labour force. [1] Burma was once Asia's largest exporter of rice , [ 2 ] and rice remains the country's most crucial agricultural commodity.
The Myanma Agricultural Development Bank (Burmese: မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်; abbreviated MADB) is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind.
Myanmar is considered a lower-middle income state, and although there are areas in the country that are lagging there have been measurable improvements in terms of development since 2005. [1] The World Bank's current strategy in Myanmar is to focus on rural development.
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's economy is forecast to grow only 1% in the fiscal year that ends in March, the World Bank says, as conditions deteriorate with an escalation in fighting between the military and its ...
Aid groups and human rights advocates have warned the World Bank that a $100 million development project it is planning for Myanmar’s conflict-riven Rakhine State could worsen tension there.
Rice production in Myanmar accounts for approximately 43% of total agricultural production in the country, making it the seventh largest producer of rice in the world. [1] Out of 67.6 million hectares of land, 12.8 million are used for cultivation. [1] In 2019 alone, Myanmar accounted for 13,300 million metric tons of milled rice production. [2]
The World Development Report (WDR) is an annual report published since 1978 by the World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development . Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies , labour, infrastructure ...