NAYPYITAW (Reuters) - Myanmar's central bank has backed off from a demand that the country's private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers ...

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It is a busy day in the Kamayut branch of KBZ Bank in Yangon. Beneath a photograph of the bank’s chairman receiving an award for being the country’s biggest taxpayer, a woman in a green facemask is ...

The junta’s mismanagement of the economy has led them to rely on the Central Bank of Myanmar to fund their wars and evade sanctions. The bank is a key weapon in the junta’s arsenal against the Myanmar ...

YANGON, November 22, 2012 ---The World Bank and Myanmar marked an important milestone this month, with the Interim Strategy and National Community Driven Development (CDD) Project endorsed and ...

FILE PHOTO: People line up outside a bank to withdraw cash, in Yangon (Reuters) - Myanmar's currency has lost more than 60% of its value since the beginning of September, driving up food and fuel ...

BANGKOK--Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected ...

Australia & New Zealand Banking Group Ltd., three Japanese banks and five others on Wednesday won coveted licenses to operate in Myanmar after decades in which foreign lenders were frozen out of the ...

The Central Bank of Myanmar (CBM) has revoked foreign exchange licences held by hotels, airlines and thousands of other businesses, in a bid to counter dollarisation. The new policy is effective from ...

Globally, World Bank Group COVID-19 support since April 2020 includes deployment of up to US$160 billion in financial support to help more than 100 countries protect the poor and vulnerable, support ...