Myanmar Economic Monitor, October 2013

This economic update provides an overview for 2012 and 2013 in Myanmar, years during which the economy continued to accelerate. The main drivers of growth were increased gas production, services, construction, foreign direct investment, and strong...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING ACCOUNTING SYSTEM ADVANCED ECONOMIES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE ALLOCATION ALLOCATION OF RESOURCES ANNUAL BUDGET ARREARS ARTICLE AUDIT AUDITOR GENERAL BANK ACCOUNT BANK ACCOUNTS BANK OFFICE BANKING BANKING SECTOR BRANCH NETWORKS BROAD MONEY BUDGET BUDGET CLASSIFICATION BUDGET CLASSIFICATION SYSTEM BUDGET DEFICIT BUDGET EXECUTION BUDGET LAW BUDGET PREPARATION BUDGETARY INFORMATION BUDGETING BUDGETS BUSINESS ENVIRONMENT BUSINESS OPPORTUNITIES CAPITAL ACCOUNT CAPITAL GOODS CENTRAL BANK CENTRAL BANKS CIVIL SERVICE CIVIL SERVICE SALARIES COLLATERAL COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY MARKETS COMMODITY PRICES COMPETITION COMPETITION POLICY COMPETITIVE TENDER CONSUMER PRICE INDEX CONSUMER PROTECTION CONSUMPTION CONTRACT CONTRACTS COUNTRY MARKETS CREDIBILITY CREDITORS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMER DATA QUALITY DEBT DEBT SERVICE DEBT SERVICE RATIO DEBT SUSTAINABILITY DEMAND DEVELOPMENT BANK DOMESTIC CREDIT DOMESTIC INFLATION DOMESTIC INVESTMENT DOMESTIC MARKET ECONOMIC ENVIRONMENT ECONOMIC LIBERALIZATION ECONOMIC REFORM ECONOMIC REFORMS ECONOMY ELECTRONIC TRANSACTION ELIGIBLE COLLATERAL EMERGING MARKETS EQUITY EXCHANGE EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATE SYSTEM EXCHANGE RATES EXCHANGE RESTRICTIONS EXPENDITURE EXPENDITURE INCREASES EXPENDITURES EXPORT COMPETITIVENESS EXPORT GOODS EXPORT SECTOR EXPORTERS EXTERNAL AUDIT EXTERNAL DEBT FINANCE FINANCE MINISTRIES FINANCES FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FISCAL DEFICIT FISCAL DISCIPLINE FISCAL IMPLICATIONS FISCAL MANAGEMENT FISCAL POLICY FISCAL YEAR FOOD PRICES FOREIGN BANKS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE TRANSACTIONS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN NATIONALS FOREIGN OWNERSHIP FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENTS FUTURE GOOD GOODS GOVERNMENT BANK GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH PERFORMANCE GROWTH RATE HIGH-INCOME COUNTRIES HIGHER ALLOCATIONS IMPORT IMPORT LIBERALIZATION IMPORTS INCOME INCOME TAX INFLATION INFORMATION TECHNOLOGY INSTRUMENTS INSURANCE INTEREST INTERESTS INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT BOOM ISSUANCE JOINT VENTURE JOINT VENTURES LEGAL FRAMEWORK LOAN LOCAL BANKS MACROECONOMIC DATA MACROECONOMIC INDICATORS MEDIUM-TERM OUTLOOK MINERAL PRICES MINISTRY OF FINANCE MONETARY EXPANSION MONETARY POLICIES MONETARY POLICY MONEY SUPPLY NOMINAL EXCHANGE RATE OPEN MARKET OUTPUT POSITIVE SPILLOVER POSITIVE SPILLOVER EFFECTS PRICE PRIVATE BANKS PRIVATE PARTY PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR CREDIT PUBLIC ACCOUNTS PUBLIC EXPENDITURE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SERVICES PUBLIC SPENDING REAL ESTATE RECESSION REFORM PROCESS REFORM PROGRAM REFORM STRATEGY REGULATOR REGULATORY RESTRICTIONS REGULATORY SYSTEM REPUTATION RESERVE RESERVE REQUIREMENTS RESERVES REVALUATION REVENUE REVENUES RISKS SAVINGS SAVINGS ACCOUNTS SECURITIES SECURITIES EXCHANGE SERVICES SHARE SHORT-TERM INTEREST RATE SLOWDOWN SPILLOVER EFFECTS STOCK STOCK EXCHANGE STOCKS STRONG COMMODITY STRUCTURAL REFORMS SUPPLEMENTAL BUDGETS SUPPLIES SUSTAINABILITY ANALYSIS TAX TAX ADMINISTRATION TAX REVENUES TELECOMMUNICATIONS TOTAL EXPENDITURE TOTAL EXPENDITURES TRADE BALANCE TRADING TRANSACTION TRANSPARENCY WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18486275/myanmar-economic-monitor http://hdl.handle.net/10986/16631

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Summary:	This economic update provides an overview for 2012 and 2013 in Myanmar, years during which the economy continued to accelerate. The main drivers of growth were increased gas production, services, construction, foreign direct investment, and strong commodity exports. Inflation has been on the rise in recent months, but the outlook is positive with the economy projected to grow more. This will be on account of a continued increase in gas production, increased trade, and stronger performance in agriculture. Risks to the outlook include the challenge of maintaining the reform momentum. Externally, a slowdown in Chinese domestic investment and a decline in global commodity prices would hurt commodity exporting countries such as Myanmar. The policy watch section presents a number of planned or recently implemented policy reforms which reflect the country's continuing drive to improve the business environment. A special feature article presents a summary of findings from a recent assessment of Myanmar s Public Financial Management (PFM).

Myanmar Economic Monitor, October 2013

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