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Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

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  • International Monetary Fund

Abstract

The COVID-19 pandemic is expected to hit hard Myanmar’s economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backdrop of a frail healthcare system and inadequate social safety nets, as well as already low international reserves and a fragile banking system. The measures to contain and alleviate the effects of the pandemic open up sizeable BOP and fiscal financing gaps in the near term.

Suggested Citation

  • International Monetary Fund, 2020. "Myanmar: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar," IMF Staff Country Reports 2020/215, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2020/215
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    Keywords

    ISCR; CR; financing; IMF emergency financing; Myanmar economy; CBM financing; financing needs; IMF's article; COVID-19; Monetary base; Credit; Global;
    All these keywords.

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