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Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth

Author

Listed:
  • Nehru, Vikram

    (Carnegie Endowment for International Peace)

Abstract

The finance sector is the lifeblood of any economy and its smooth functioning is central to rapid and inclusive economic growth. A well-functioning financial system must intermediate efficiently between savers and borrowers; manage risks prudently; provide a wide variety of financial services to firms, farms, and households; mobilize savings effectively; identify and lend for sound investments; remain robust in the face of shocks; and ensure that access to finance is available to all. This paper presents broad outlines of a reform strategy to develop a stable and efficient finance sector that supports rapid and inclusive growth in Myanmar.

Suggested Citation

  • Nehru, Vikram, 2015. "Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth," ADB Economics Working Paper Series 430, Asian Development Bank.
  • Handle: RePEc:ris:adbewp:0430
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    File URL: http://www.adb.org/publications/developing-myanmar-finance-sector-rapid-inclusive-sustainable-growth
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    More about this item

    Keywords

    access to finance; finance sector; inclusive growth; Myanmar; savings mobilization;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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