Macroeconomic policies and further reforms (in - TopicsExpress

Macroeconomic policies and further reforms (in MYANMAR) ...................................................................................... The Central Bank of Myanmar needs to focus on building international reserves and monetary policy tools, which will likely be needed in 2014/15 to sterilize significant foreign exchange inflows. Fiscal policy needs to continue balancing stability with development, while administrative reforms to boost revenue and public financial management need to be driven forward. Financial sector liberalization should proceed cautiously and in line with the development of supervisory capacity. Recently established policy banks should be supervised closely and managed transparently to minimize risks. .... [ IMFs Myanmar: Second Review Under the Staff-Monitored Program-Staff Report (dated March 28, 2014) ] .....

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