IMF delegation visits Myanmar for yearly review


People walking in front of the Sule Pagoda in downtown area of Yangon. Photo: Ye Aung Thu/AFP

An International Monetary Fund delegation will visit Myanmar this week for an annual economic review of the country, Reuters has reported.

Last year’s IMF economic review praised Myanmar’s progress in economic reforms after an initial surge in growth as the country emerged from decades of isolation. At the time, the Fund projected gross domestic product growth at around 6.5 percent for 2017, from about 7.3 percent the year before.

Growth this year is now expected to come in at 6.3 percent, according to the latest IMF data, based on an unfinished political transformation, overall manufacturing slowdown and delays in construction permitting, the Reuters report said.

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