Financing the Future : Building an Open, Modern and Inclusive Financial System
Myanmar’s financial system is undergoing a rapid transformation. A history of economic isolation has left Myanmar with small and underdeveloped financial institutions and very low access to financial services. Since 2011, however, demands on the fi...
| Main Authors: | , , , , , , , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Yangon
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25929583/financing-future-building-open-modern-inclusive-financial-system http://hdl.handle.net/10986/23785 |
| Summary: | Myanmar’s financial system is undergoing
a rapid transformation. A history of economic isolation has
left Myanmar with small and underdeveloped financial
institutions and very low access to financial services.
Since 2011, however, demands on the financial system have
grown exponentially with increased trade and investment,
growing household income, and expanding government
operations. While recent reforms have stimulated financial
sector growth, much more needs to be done to establish a
competitive and vibrant financial sector that can meet the
needs of Myanmar’s expanding economy, boost incomes, and
reduce poverty particularly among those living in rural
areas. Increasing access to financial services is critical
to achieving shared prosperity in Myanmar. |
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