ANNOUNCEMENT 08 Dec 2017

Myanmar's central bank has permitted foreign banks to provide export financing to domestic exporters.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Directive No. 9/2017 - Lincoln Legal Services Limited (Unofficial translation)
https://www.lincolnmyanmar.com/wp-content/uploads/2017/12/Central-Bank-of-Myanmar-Directive-No-9-2017.pdf

Central Bank allows foreign banks to provide export financing - Consult Myanmar
https://consult-myanmar.com/2017/12/15/central-bank-allows-foreign-banks-to-provide-export-financing/

Central Bank allows foreign banks to provide export financing - MM Times
https://www.mmtimes.com/news/central-bank-allows-foreign-banks-provide-export-financing.html

CBM Allows Foreign Banks to Provide Export Financing - MMbiz Today
https://www.mmbiztoday.com/articles/cbm-allows-foreign-banks-provide-export-financing

Inception date: 08 Dec 2017 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A