imf sees stronger growth in myanmar but rohingya crisis may hurt investment
Wednesday 9 April 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF sees stronger growth in Myanmar, but Rohingya crisis may hurt investment

Arab Today, arab today

Arab Today, arab today IMF sees stronger growth in Myanmar, but Rohingya crisis may hurt investment

Last month, the World Bank froze $200 million in budget funding for Myanmar over the crisis.
Yangon - Arab Today

The International Monetary Fund (IMF) on Friday forecast an economic rebound in Myanmar this year, but said the Rohingya refugee crisis may dampen investment as the country faces international pressure over its treatment of the Muslim minority.
More than 600,000 Rohingya have fled to Bangladesh since late August, driven out by a military counter-insurgency clearance operation in Buddhist-majority Myanmar’s Rakhine State.
A top UN official has described the military’s actions as a textbook case of “ethnic cleansing.” Myanmar denies that.
While there is no sign of a major direct economic impact, the crisis has dented hopes of a Western investment boom as European and US companies are wary of the reputational risks of investing.
Last month, the World Bank froze $200 million in budget funding for Myanmar over the crisis.
“The internal conflict and humanitarian crisis in northern Rakhine State could affect development finance and investor sentiment, although direct economic impact appears to have been largely localized,” the IMF’s Myanmar mission chief, Shanaka Peiris, told reporters in the commercial capital of Yangon.
“Myanmar’s economy is rebounding and macroeconomic imbalances are stabilizing. Growth is expected to rebound to 6.7 percent,” he said.
However, the near-term growth trajectory was moderately weaker than previously expected, reflecting a subdued pick-up in domestic investment and uncertainty surround the Rakhine State crisis, particularly for tourism, he said.
The IMF had previously downgraded its gross domestic product growth forecast for Myanmar for 2017-2018 to 6.7 percent from 7 percent, but Shanaka said it still represented a “significant acceleration” compared with 5.9 percent from a year ago, thanks to a recovering agriculture sector and exports.
The government led by Aung San Suu Kyi had seen “a challenging first year,” he said, with lower-than-expected growth, but the medium-term outlook remained “favorable” as higher tax revenues could support growth.
Frustration over the government’s management of the economy has grown in recent months.
Foreign investment approvals have slowed since Suu Kyi’s National League for Democracy won an election in late 2015, and took office early the next year.
Still, Myanmar has enjoyed one of the fastest growth rates in the region after the military, which ruled for nearly 50 years, ceded power in 2011 to a quasi-civilian government that ushered in rapid reforms, including the relaxation of foreign investment rules in 2013-2014.

Source:Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf sees stronger growth in myanmar but rohingya crisis may hurt investment imf sees stronger growth in myanmar but rohingya crisis may hurt investment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf sees stronger growth in myanmar but rohingya crisis may hurt investment imf sees stronger growth in myanmar but rohingya crisis may hurt investment

 



GMT 06:38 2017 Thursday ,02 March

Aerospace Industries Target Investmet

GMT 04:34 2017 Wednesday ,11 October

5m in Sudan need aid

GMT 06:43 2017 Thursday ,23 March

Wael Jassar says he still works with Arabica

GMT 12:35 2017 Wednesday ,22 February

Stars as Manchester City sink Monaco in thriller

GMT 09:25 2016 Wednesday ,14 September

Samsung to Launch Apology Ad Over Galaxy Note 7 Recall

GMT 00:11 2017 Thursday ,11 May

His Majesty receives message from Saudi Arabia

GMT 20:00 2014 Tuesday ,01 July

March 20 - April 19

GMT 22:26 2017 Thursday ,23 November

Minister receives US company executives

GMT 13:39 2018 Thursday ,06 September

Russian, Sudanese security chiefs discuss war on terror

GMT 17:16 2014 Wednesday ,10 December

Kailash, Malala receive 2014 Nobel peace prize

GMT 04:01 2016 Sunday ,12 June

Iran Bans Video Game Based On 1979 Revolution

GMT 12:37 2013 Wednesday ,22 May

Airbus reports 3 A330-300s order from Oman Air

GMT 11:15 2018 Wednesday ,03 January

Gibran Bassil visits Chamber of Sidon today

GMT 23:46 2017 Saturday ,29 April

Taliban Announce 'Spring' Offensive
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday