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...

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Main Authors:	Drees-Gross, Alexandra, Annamalai, Nagavalli, Wong, Sau Ngan, Htay, Nang Htay, De Luna Martinez, Jose, Tanaka, Kiyotaka, Natarajan, Harish, Mahadevan, Balakrishnan, Mortimer-Schutts, Ivan
Format:	Report
Language:	English en_US
Published:	World Bank, Yangon 2016
Subjects:	CONSOLIDATED SUPERVISION DEPOSIT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CREDIT CARDS ELECTRONIC TRANSFERS ECONOMIC GROWTH VILLAGES ACCOUNTING DEPOSITS PEOPLE AGRICULTURAL DEVELOPMENT BANK MONEY LAUNDERING FINANCING FINANCIAL SECTOR REGULATION INTEREST LAWS INDUSTRY BANKING SYSTEM SERVICES BANKING SYSTEMS ECONOMIC POLICY LOAN CLEARING HOUSE PRICING LEVELS OF ACCESS PAYMENTS CREDITORS INTERNATIONAL BANK MFIS AUDITS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING SAVINGS MORTGAGES FINANCIAL SUSTAINABILITY FINANCIAL INSTITUTION COMMERCIAL BANK MICRO-FINANCE INSTITUTIONS CONSUMER CREDIT BANK ASSETS UNION PRIVATE BANKS INTEREST RATES FOREIGN FIRMS DEPOSIT ACCOUNTS TRANSFERS RECAPITALIZATION PAYMENT FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET STATE OWNED BANKS CAPITAL REQUIREMENTS FINANCIAL PRODUCTS LENDERS PENETRATION RATE LOANS LOTTERIES COMMERCIAL BANKING FINANCIAL SYSTEM DEBIT CARDS LEGAL FRAMEWORK BANK FINANCING FINANCE INFRASTRUCTURE BANKING SECTOR BANKS FINANCIAL SECTOR REGULATIONS EQUITY GRANT ACCOUNTABILITY CAPITAL INTERNATIONAL BANKING FINANCIAL TRANSACTIONS SOCIAL SERVICES LACK OF ACCESS ACCESS TO FINANCE VALUE BANK CREDIT PRUDENTIAL REGULATIONS DEBT COLLECTION FINANCIAL INSTRUMENTS SUPERVISORY FRAMEWORK AUTOMATIC TELLER BANKING SECTOR DEVELOPMENT ENTERPRISE MANDATES AUTOMOBILE LOANS PAYMENT INFRASTRUCTURE FOREIGN BANKS FINANCIAL REGULATION FINANCIAL ACCESS EQUITY RATIO FOREIGN EXCHANGE SECURITIES BANK ACCOUNTS FINANCIAL INFRASTRUCTURE PROFITABILITY GOVERNANCE INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT FINANCIAL LIBERALIZATION LAND SECURITY FINANCIAL DEVELOPMENT INVESTMENT RISK FINANCIAL INSTABILITY HOUSEHOLDS ELECTRONIC PAYMENT PAYMENT SERVICES MICRO-FINANCE COLLATERAL BALANCE SHEETS DEBT RESTRUCTURING AGRICULTURAL INCOMES COOPERATION BANKING RISK MANAGEMENT LENDING ONLINE BANKING BANKING SUPERVISION MATURITIES FAMILIES WOMEN BANK NEGARA MALAYSIA REMITTANCES BANK BRANCHES PAYMENT SYSTEMS BANK OF THAILAND CONSUMER PROTECTION DEVELOPMENT BANK AUDITING CONSOLIDATION MFI
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

id	okr-10986-23785
recordtype	oai_dc
spelling	okr-10986-237852021-05-25T10:54:42Z Financing the Future : Building an Open, Modern and Inclusive Financial System Drees-Gross, Alexandra Annamalai, Nagavalli Wong, Sau Ngan Htay, Nang Htay De Luna Martinez, Jose Tanaka, Kiyotaka Natarajan, Harish Mahadevan, Balakrishnan Mortimer-Schutts, Ivan CONSOLIDATED SUPERVISION DEPOSIT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CREDIT CARDS ELECTRONIC TRANSFERS ECONOMIC GROWTH VILLAGES ACCOUNTING DEPOSITS PEOPLE AGRICULTURAL DEVELOPMENT BANK MONEY LAUNDERING FINANCING FINANCIAL SECTOR REGULATION INTEREST LAWS INDUSTRY BANKING SYSTEM SERVICES BANKING SYSTEMS ECONOMIC POLICY LOAN CLEARING HOUSE PRICING LEVELS OF ACCESS PAYMENTS CREDITORS INTERNATIONAL BANK MFIS AUDITS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING SAVINGS MORTGAGES FINANCIAL SUSTAINABILITY FINANCIAL INSTITUTION COMMERCIAL BANK MICRO-FINANCE INSTITUTIONS CONSUMER CREDIT BANK ASSETS UNION PRIVATE BANKS INTEREST RATES FOREIGN FIRMS DEPOSIT ACCOUNTS TRANSFERS RECAPITALIZATION PAYMENT FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET STATE OWNED BANKS CAPITAL REQUIREMENTS FINANCIAL PRODUCTS LENDERS PENETRATION RATE LOANS LOTTERIES COMMERCIAL BANKING FINANCIAL SYSTEM DEBIT CARDS LEGAL FRAMEWORK BANK FINANCING FINANCE INFRASTRUCTURE BANKING SECTOR BANKS FINANCIAL SECTOR REGULATIONS EQUITY GRANT ACCOUNTABILITY CAPITAL INTERNATIONAL BANKING FINANCIAL TRANSACTIONS SOCIAL SERVICES LACK OF ACCESS ACCESS TO FINANCE VALUE BANK CREDIT PRUDENTIAL REGULATIONS DEBT COLLECTION FINANCIAL INSTRUMENTS SUPERVISORY FRAMEWORK AUTOMATIC TELLER BANKING SECTOR DEVELOPMENT ENTERPRISE MANDATES AUTOMOBILE LOANS PAYMENT INFRASTRUCTURE FOREIGN BANKS FINANCIAL REGULATION FINANCIAL ACCESS EQUITY RATIO FOREIGN EXCHANGE SECURITIES BANK ACCOUNTS FINANCIAL INFRASTRUCTURE PROFITABILITY GOVERNANCE INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT FINANCIAL LIBERALIZATION LAND SECURITY FINANCIAL DEVELOPMENT INVESTMENT RISK FINANCIAL INSTABILITY HOUSEHOLDS ELECTRONIC PAYMENT PAYMENT SERVICES MICRO-FINANCE COLLATERAL BALANCE SHEETS DEBT RESTRUCTURING AGRICULTURAL INCOMES COOPERATION BANKING RISK MANAGEMENT LENDING ONLINE BANKING BANKING SUPERVISION MATURITIES FAMILIES WOMEN BANK NEGARA MALAYSIA REMITTANCES BANK BRANCHES PAYMENT SYSTEMS BANK OF THAILAND CONSUMER PROTECTION DEVELOPMENT BANK AUDITING CONSOLIDATION MFI 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. 2016-03-01T19:54:38Z 2016-03-01T19:54:38Z 2016-01 Report http://documents.worldbank.org/curated/en/2016/02/25929583/financing-future-building-open-modern-inclusive-financial-system http://hdl.handle.net/10986/23785 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Yangon Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific Myanmar
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CONSOLIDATED SUPERVISION DEPOSIT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CREDIT CARDS ELECTRONIC TRANSFERS ECONOMIC GROWTH VILLAGES ACCOUNTING DEPOSITS PEOPLE AGRICULTURAL DEVELOPMENT BANK MONEY LAUNDERING FINANCING FINANCIAL SECTOR REGULATION INTEREST LAWS INDUSTRY BANKING SYSTEM SERVICES BANKING SYSTEMS ECONOMIC POLICY LOAN CLEARING HOUSE PRICING LEVELS OF ACCESS PAYMENTS CREDITORS INTERNATIONAL BANK MFIS AUDITS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING SAVINGS MORTGAGES FINANCIAL SUSTAINABILITY FINANCIAL INSTITUTION COMMERCIAL BANK MICRO-FINANCE INSTITUTIONS CONSUMER CREDIT BANK ASSETS UNION PRIVATE BANKS INTEREST RATES FOREIGN FIRMS DEPOSIT ACCOUNTS TRANSFERS RECAPITALIZATION PAYMENT FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET STATE OWNED BANKS CAPITAL REQUIREMENTS FINANCIAL PRODUCTS LENDERS PENETRATION RATE LOANS LOTTERIES COMMERCIAL BANKING FINANCIAL SYSTEM DEBIT CARDS LEGAL FRAMEWORK BANK FINANCING FINANCE INFRASTRUCTURE BANKING SECTOR BANKS FINANCIAL SECTOR REGULATIONS EQUITY GRANT ACCOUNTABILITY CAPITAL INTERNATIONAL BANKING FINANCIAL TRANSACTIONS SOCIAL SERVICES LACK OF ACCESS ACCESS TO FINANCE VALUE BANK CREDIT PRUDENTIAL REGULATIONS DEBT COLLECTION FINANCIAL INSTRUMENTS SUPERVISORY FRAMEWORK AUTOMATIC TELLER BANKING SECTOR DEVELOPMENT ENTERPRISE MANDATES AUTOMOBILE LOANS PAYMENT INFRASTRUCTURE FOREIGN BANKS FINANCIAL REGULATION FINANCIAL ACCESS EQUITY RATIO FOREIGN EXCHANGE SECURITIES BANK ACCOUNTS FINANCIAL INFRASTRUCTURE PROFITABILITY GOVERNANCE INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT FINANCIAL LIBERALIZATION LAND SECURITY FINANCIAL DEVELOPMENT INVESTMENT RISK FINANCIAL INSTABILITY HOUSEHOLDS ELECTRONIC PAYMENT PAYMENT SERVICES MICRO-FINANCE COLLATERAL BALANCE SHEETS DEBT RESTRUCTURING AGRICULTURAL INCOMES COOPERATION BANKING RISK MANAGEMENT LENDING ONLINE BANKING BANKING SUPERVISION MATURITIES FAMILIES WOMEN BANK NEGARA MALAYSIA REMITTANCES BANK BRANCHES PAYMENT SYSTEMS BANK OF THAILAND CONSUMER PROTECTION DEVELOPMENT BANK AUDITING CONSOLIDATION MFI
spellingShingle	CONSOLIDATED SUPERVISION DEPOSIT CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK CREDIT CARDS ELECTRONIC TRANSFERS ECONOMIC GROWTH VILLAGES ACCOUNTING DEPOSITS PEOPLE AGRICULTURAL DEVELOPMENT BANK MONEY LAUNDERING FINANCING FINANCIAL SECTOR REGULATION INTEREST LAWS INDUSTRY BANKING SYSTEM SERVICES BANKING SYSTEMS ECONOMIC POLICY LOAN CLEARING HOUSE PRICING LEVELS OF ACCESS PAYMENTS CREDITORS INTERNATIONAL BANK MFIS AUDITS MICROFINANCE INSTITUTIONS ACCESS TO FINANCIAL SERVICES ANTI-MONEY LAUNDERING SAVINGS MORTGAGES FINANCIAL SUSTAINABILITY FINANCIAL INSTITUTION COMMERCIAL BANK MICRO-FINANCE INSTITUTIONS CONSUMER CREDIT BANK ASSETS UNION PRIVATE BANKS INTEREST RATES FOREIGN FIRMS DEPOSIT ACCOUNTS TRANSFERS RECAPITALIZATION PAYMENT FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET STATE OWNED BANKS CAPITAL REQUIREMENTS FINANCIAL PRODUCTS LENDERS PENETRATION RATE LOANS LOTTERIES COMMERCIAL BANKING FINANCIAL SYSTEM DEBIT CARDS LEGAL FRAMEWORK BANK FINANCING FINANCE INFRASTRUCTURE BANKING SECTOR BANKS FINANCIAL SECTOR REGULATIONS EQUITY GRANT ACCOUNTABILITY CAPITAL INTERNATIONAL BANKING FINANCIAL TRANSACTIONS SOCIAL SERVICES LACK OF ACCESS ACCESS TO FINANCE VALUE BANK CREDIT PRUDENTIAL REGULATIONS DEBT COLLECTION FINANCIAL INSTRUMENTS SUPERVISORY FRAMEWORK AUTOMATIC TELLER BANKING SECTOR DEVELOPMENT ENTERPRISE MANDATES AUTOMOBILE LOANS PAYMENT INFRASTRUCTURE FOREIGN BANKS FINANCIAL REGULATION FINANCIAL ACCESS EQUITY RATIO FOREIGN EXCHANGE SECURITIES BANK ACCOUNTS FINANCIAL INFRASTRUCTURE PROFITABILITY GOVERNANCE INSURANCE MICROFINANCE ECONOMIC DEVELOPMENT FINANCIAL LIBERALIZATION LAND SECURITY FINANCIAL DEVELOPMENT INVESTMENT RISK FINANCIAL INSTABILITY HOUSEHOLDS ELECTRONIC PAYMENT PAYMENT SERVICES MICRO-FINANCE COLLATERAL BALANCE SHEETS DEBT RESTRUCTURING AGRICULTURAL INCOMES COOPERATION BANKING RISK MANAGEMENT LENDING ONLINE BANKING BANKING SUPERVISION MATURITIES FAMILIES WOMEN BANK NEGARA MALAYSIA REMITTANCES BANK BRANCHES PAYMENT SYSTEMS BANK OF THAILAND CONSUMER PROTECTION DEVELOPMENT BANK AUDITING CONSOLIDATION MFI Drees-Gross, Alexandra Annamalai, Nagavalli Wong, Sau Ngan Htay, Nang Htay De Luna Martinez, Jose Tanaka, Kiyotaka Natarajan, Harish Mahadevan, Balakrishnan Mortimer-Schutts, Ivan Financing the Future : Building an Open, Modern and Inclusive Financial System
geographic_facet	East Asia and Pacific Myanmar
description	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.
format	Report
author	Drees-Gross, Alexandra Annamalai, Nagavalli Wong, Sau Ngan Htay, Nang Htay De Luna Martinez, Jose Tanaka, Kiyotaka Natarajan, Harish Mahadevan, Balakrishnan Mortimer-Schutts, Ivan
author_facet	Drees-Gross, Alexandra Annamalai, Nagavalli Wong, Sau Ngan Htay, Nang Htay De Luna Martinez, Jose Tanaka, Kiyotaka Natarajan, Harish Mahadevan, Balakrishnan Mortimer-Schutts, Ivan
author_sort	Drees-Gross, Alexandra
title	Financing the Future : Building an Open, Modern and Inclusive Financial System
title_short	Financing the Future : Building an Open, Modern and Inclusive Financial System
title_full	Financing the Future : Building an Open, Modern and Inclusive Financial System
title_fullStr	Financing the Future : Building an Open, Modern and Inclusive Financial System
title_full_unstemmed	Financing the Future : Building an Open, Modern and Inclusive Financial System
title_sort	financing the future : building an open, modern and inclusive financial system
publisher	World Bank, Yangon
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/02/25929583/financing-future-building-open-modern-inclusive-financial-system http://hdl.handle.net/10986/23785
_version_	1764454923313872896

Financing the Future : Building an Open, Modern and Inclusive Financial System

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