Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth The financial sector is the lifeblood of any economy and its smooth and efficient functioning is central to strong economic growth and development. This paper presents broad outlines of a reform strategy to develop a well-functioning financial system that supports rapid and inclusive growth in Myanmar. About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member DEvElopInG MyAnMAR’S countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to the majority of the world’s poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. FInAncE SEctoR to SuppoRt Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, RApID, IncluSIvE, AnD and technical assistance. SuStAInABlE EconoMIc GRowth Vikram Nehru no. 430 adb economics april 2015 working paper series AsiAn Development BAnk 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines ASIAN DEVELOPMENT BANK www.adb.org ADB Economics Working Paper Series Developing Myanmar’s Finance Sector to Support Rapid, Inclusive, and Sustainable Economic Growth Vikram Nehru Vikram Nehru (
[email protected]), Senior Associate and Bakrie Chair in Southeast Asian Studies, Carnegie No. 430 | April 2015 Endowment for International Peace. This was a background paper for the Asian Development Bank (ADB) Myanmar Country Diagnostics Study.