Myanmar Economic Monitor, October 2013
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Washington, DC
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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).
Palabras clave
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