Huge sums of foreign cash entering Myanmar illegally could have a detrimental effect on the economy, presidential advisor Dr Aung Tun Thet told Mizzima on August 27.
WASHINGTON (AFP) ? Myanmar's economy is expected to build on already rapid growth but that momentum was at risk unless broad reforms are undertaken, the International Monetary Fund said on June 17.
Myanmar’s economic outlook is favourable, the International Monetary Fund says in a report which put economic growth at 7.3 percent for the fiscal year to the end of March and said inflation was expected to reach six percent by the end of 2013-2014 financial year.
Myanmar’s economic transformation is ineffective because it lacks a specific focus and is being implemented too quickly, the head of the presidential economic advisory team, Dr U Myint, said on March 19.