ANNOUNCEMENT 08 Dec 2017
Myanmar's central bank has permitted foreign banks to provide export financing to domestic exporters.
NUMBER OF INTERVENTIONS
Directive No. 9/2017 - Lincoln Legal Services Limited (Unofficial translation)
Central Bank allows foreign banks to provide export financing - Consult Myanmar
Central Bank allows foreign banks to provide export financing - MM Times
CBM Allows Foreign Banks to Provide Export Financing - MMbiz Today
According to several reports, on 8 December 2017, the Central Bank of Myanmar has allowed branches of foreign banks in Myanmar to provide export financing and related banking services for export financing to local exporters. The foreign banks will have to approach and obtain an approval from the Central Bank for the same.