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  • International Monetary Fund. Asia and Pacific Dept
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    Myanmar is a low-income country, and with the right reforms, it can realize its rich economic potential. The government has embarked on a bold and historic set of reforms, which are already bearing fruit. Executive Directors support the steps for ensuring macroeconomic stability. Exchange rate unification will be an important foundational step for securing macroeconomic stability, which will help boost competitiveness and trade. A consistent monetary policy framework and containing fiscal deficits will give higher and stable revenues to fund development needs.

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    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/13.

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    Length: 37
    Date of creation: 17 Jan 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/13

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    Keywords: Staff-monitored programs; Economic growth; Fiscal reforms; Fiscal policy; External payments arrears; External borrowing; Exchange rate regimes; Monetary policy; Floating exchange rates; Economic indicators; Myanmar; central bank; external debt; private banks; current account; exchange rate; domestic financing; debt sustainability; balance of payments; public debt; external payment; payment arrears; current account deficit; total external debt; multilateral creditors; debt service; domestic public debt; deficit financing; exchange rate regime; current account balance; exchange rate system; debt management; reserve assets; foreign investment; reserve management; external debt service; debt sustainability analysis; public finances; public and publicly guaranteed; official creditors; foreign debt; foreign aid; exchange rate arrangement; debt statistics; repayments; debt management functions; nonconcessional debt; foreign loans; credit tranche; public and publicly guaranteed debt; debt management function; multiple currency practices; external shocks; debt service obligations; exchange restrictions; external payments; exchange rates; current account balances;

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