International Reserves in Myanmar
Myanmar - International ReservesAfter activity took a likely severe hit in H1 amid the health crisis, the economic panorama remains bleak in H2, particularly in Q4, amid soaring Covid-19 infections. Following September’s dive, the manufacturing PMI slid further into contractionary territory in October—marking the worst reading since April—with output and new orders declining at a record pace. On a brighter note, on 8 November, Japan approved a low market rate loan to Myanmar worth JPY 42.8 billion (about USD 414 million) for infrastructure projects and financing businesses. In politics, the ruling National League for Democracy Party achieved a landslide victory in November’s general election, winning more than 83% of the seats in parliament. Thus, it maintained its two-third majority, allowing the party’s leader, Aung San Suu Kyi, to enact her agenda envisioning higher FDI and job creation.
Myanmar - International Reserves Data
|International Reserves (USD)||4.4||4.6||4.9||5.3||5.5|
5 years of economic forecasts for more than 30 economic indicators.
Myanmar International Reserves Chart
|Bond Yield||16.00||0.0 %||Oct 15|
|Exchange Rate||1,476||0.0 %||Jan 01|
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