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Asian Development Bank and Myanmar: Fact Sheet
dc.description.abstractUpdated yearly, this ADB Fact Sheet provides social and economic indicators on the Myanmar as well as concise information on ADB's operations in the country and contact information. Myanmar is the second largest country in Southeast Asia, bordering five nations, and is endowed with rich natural resources—arable land, forestry, minerals (including gas and oil), and freshwater and marine resources. The economy slowed to an estimated 3.6% in fiscal year (FY) 2008 (ended 31 March 2009) from 5.5% in FY2007. Myanmar was not directly hit by the global recession and world financial crisis, given its absence of trade and financial linkages with industrial countries. However, exports and private consumption were reduced by the combined effect of economic slowdowns in neighboring economies, a collapse in commodity prices, and the impact of Cyclone Nagis. Economic growth likely picked up to about 4.4% in FY2009, in tandem with a recovery in regional demand and a partial recovery in agricultural production in areas damaged by the cyclone. Private consumption is, however, likely to have remained subdued by a slowdown in inward remittances, and stagnant rural incomes as farm-gate prices remained depressed. Inflows of foreign direct investment into the energy sector helped to lift international reserves from about $4 billion in FY2008 to $5 billion at the end of FY2009, equivalent to 8 months of imports.
dc.publisherAsian Development Bank
dc.titleAsian Development Bank and Myanmar: Fact Sheet
dc.subject.expertAgricultural Trade
dc.subject.expertTrade Barriers
dc.subject.expertTrade Facilitation
dc.subject.expertSustainable agriculture
dc.subject.expertCommercial agriculture
dc.subject.expertTrade Negotiations
dc.subject.expertTrade Development
dc.subject.expertTrade And Development
dc.subject.expertRegional TradAgreements
dc.subject.expertAgricultural Trade
dc.subject.expertAgriculture Trade Liberalization
dc.subject.adbAgricultural trade
dc.subject.adbAgricultural investment
dc.subject.adbAgricultural economy
dc.subject.adbAgricultural products
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.adbTariff negotiations
dc.subject.adbRegional integration
dc.subject.adbTrade regulations
dc.subject.adbAgricultural market
dc.subject.adbAgricultural economy
dc.subject.naturalAgricultural resource
dc.subject.naturalFarm produce
dc.subject.naturalNatural products in agriculture
dc.subject.naturalPlant products industry
dc.subject.naturalNew agricultural enterprises
dc.subject.naturalAgricultural industry
dc.subject.naturalForeign trade and employment
dc.subject.naturalPerishable goods
dc.subject.naturalConsumer goods
dc.subject.naturalAgricultural products
dc.subject.naturalAgricultural industry
dc.subject.naturalFood industry
dc.title.seriesFact Sheets
dc.contributor.imprintAsian Development Bank
oar.adminregionSoutheast Asia Region
oar.authorAsian Development Bank

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  • ADB Fact Sheets
    The Asian Development Bank (ADB) Fact Sheets provide concise information on ADB member economies, their operations, and their contact information. They also provide summaries of the most recent and current ADB-assisted programs and ongoing challenges as well as future directions for that particular ADB member.

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