Myanmar: Asian Development Bank Member Fact Sheet 2018 Updated

Abstract

Building on successful political and economic transformation, Myanmar is emerging as a prosperous nation. The country possesses abundant natural resources, a strategic location at the crossroads of Asia, a young population, and a sizable market with wide-ranging investment opportunities. However, much remains to be done to maintain stability in the country, both on the macroeconomic front and in terms of peace and reconciliation. Myanmar needs to address significant gaps in infrastructure and human resources, which constrain social and economic development. The reform agenda should also continue progressing toward good governance, effective public sector management, and a conducive business environment.