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Legal Documents

Myanmar Insurance Law, July 23, 1993. 

Parties: The State Law and Order Restoration Council

Purpose: Establishment of Myanmar Insurance.

Main Agreements: This law determines the powers of Myanmar Insurance and outlines matters relating to capital and profit allocation, and accounts and audit rules and regulations.

Myanmar Agricultural and Rural Development Bank Law, July 6, 1990.

 Parties: The State Law and Order Restoration Council

Purpose: Establishment of the Agricultural and Rural Development Bank.

Main Agreements: This law outlines the main objectives of the Bank, which are to support the development of agricultural, livestock and rural socio-economic enterprises in the country by providing banking services. The Law further deals with matters relating to the organization and management, the business of the Bank, and its accounts and audits.

Financial Institutions of Myanmar Law, July 4, 1990.

Parties: The State Law and Order Restoration Council

Purpose: To specify the matters relating to the financial institutions in Myanmar.

Main Agreements: This law deals with the establishment of financial institutions, and their licence to operate. The Law also agrees on matters such as management, business with persons related to the financial institutions, auditing, reporting and supervision by central bank, administratorship, state-owned financial institutions, offence and punishment and other related matters.

Central Bank of Myanmar Law, July 2, 1990.

Parties: The State Law and Order Restoration Council

Purpose: Establishment of the Central Bank.

Main Agreements: This law determines the aim, functions, powers and duties of the Bank including its role in the capital and profit allocation, as well as its relation to the government and other financial institutions.



Hteik, Win. "Framework for Macro-Prudential Policies in Myanmar." In Framework for Macro-Prudential Policies for Emerging Economies in a Globalized Environment, edited by Eufrocinio M. Bernabe. Kuala Lumpur: The South East Asian Central Banks (SEACEN) Research and Training Centre, 2012.
About: This chapter outlines the financial sector of Myanmar and examines the supervisory and regulatory framework of the banking sector in Myanmar. 
Than, Mya and Thein, Myat. Financial Recources for Development in Myanmar: Lessons From Asia. Singapore: Institute for Southeast Asian Studies, 2000. [Google Books]
About: "Economists and policy makers from Myanmar,  Japan and Asean examine the post-1998 patterns of foreign direct investment in Myanmar and explore  possible ways in which the needed increase in  domestic saving and investment capital can be  encouraged.  Papers on domestic financial  resourcing in Asean countries draw lessons from the recent financial crises." [Select Books Online]
Turnell, Sean. Fiery Dragons: Bank, Moneylenders and Microfinance in Burma. Copenhagen: Nordic Institute of Asian Studies, 2009. [Google Books]
About: "This book tells the story of Burma’s financial system – of its banks, moneylenders and ‘microfinanciers’ – from colonial times to the present day. While financial systems and institutions matter in all countries, the book argues that they especially count in Burma." [Nias]

Research Papers

Kubo, Koji. "Determinants of Parallel Exchange Rate in Myanmar," ASEAN Economic Bulletin 24 (2007). 
Summary: "This paper analyses determinants of the parallel exchange rate in Myanmar, which confirms the following points: first, there is a cointegration relationship between the consumer price index and the parallel exchange rate. Second, business fluctuations largely accounted for the changes in the parallel rate in the short term, whereas natural gas revenues did have little effect." [Abstract]


Duflos, Eric and Luchtenburg, Paul, et al. Microfinance in Myanmar Sector Assessment. IFC Advisory Services in East Asia and the Pacific, 2013.

Summary: "Myanmar’s re-entry onto the global stage provides a unique opportunity for IFC and the World Bank to engage in interventions that support development of Myanmar’s nascent private sector. In June 2012, IFC and CGAP representatives conducted a financial sector scoping review to assess Myanmar’s financial inclusion landscape and explore potential investment and advisory interventions. This report presents the team’s key findings and preliminary recommendations." [Author]

The Foundation for Development Cooperation, BWTP Network and ACTED. Microfinance Industry Report, South Brisbane: The Foundation for Development Cooperation, BWTP Network and ACTED, 2010.

Summary: "This report is a review of the microfinance sector in Myanmar, and constitutes a new contribution to the BWTP Network’s Asia Resource Centre for Microfinance (ARCM)." [Author]



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