No less than the International Monetary Fund believes so. Myanmar could become Asia’s next economic engine if it enacts vast reforms, the IMF said in Washington, DC, signaling the country could receive a Fund monitoring program in 2013. The IMF said the discussions pointed to the possibility of a staff-monitored program next year that would jointly monitor progress on the government’s own reform plans. In May, the IMF published its first report on Myanmar in decades, calling on authorities to step up reforms to enhance the business and investment climate, including modernizing the financial sector and liberalizing trade.
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