Latest News

World Bank Predicts 6.3 Percent Growth for Burma

20 December 2012

The World Bank said on Wednesday that it expects Burma’s economy to grow by 6.3 percent in 2013, after achieving 5.5 percent growth in the current fiscal year. However, the country remains one of the poorest in Asia, with more than 26 percent of the population living in poverty, the bank said in its annual year-end East Asia and Pacific Economic Update. This is the first time the World Bank has included Burma in the report. The bank and other international lenders, including the Asian Development Bank, returned to Burma this year after shunning the country for more than two decades.