Myanmar: Asian Development Bank Member Fact Sheet 2017

Abstract

Emerging from decades of economic and political isolation, Myanmar is enjoying a period of exceptional growth and is one of the fastest-growing economies in Southeast Asia. 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. The country, however, needs to achieve and maintain stability, both on the macroeconomic front and in terms of peace and reconciliation. It needs to address substantive deficits in infrastructure and human resources, which constrain social and economic development. Myanmar also needs to sustain its reform momentum toward good governance, effective public sector management, and a conducive business environment.