The Asian Development Bank released a report on 3 April which promised a very optimistic outlook for Myanmar’s economy, due to higher Foreign Direct Investments and the government’s reforms to improve conditions for investors. ‘“Prospects for Myanmar’s economic growth for 2019 and 2020 looks positive as the country opens up the retail and wholesale sectors and continues to modernize corporate governance and management in Myanmar,” said ADB Country Director for Myanmar Mr. Newin Sinsiri. “Myanmar will continue to see steady growth in the next few years if the government successfully accelerates the wide range of economic reforms initiated since 2011.”’
Read the full article on Myanmar’s economic outlook at the Asian Development Bank website
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01 October 2019
