ANNOUNCEMENT 08 Dec 2017

The Central Bank of Myanmar has allowed foreign banks in Myanmar to provide banking services to the exporters based in Myanmar.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

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

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

Central Bank of Myanmar (CBM) permitted a total of seven foreign banks to provide trade financing services in Myanmar to get better business and wider trade financing options - Thai Biz Myanmar
http://www.thaibizmyanmar.com/en/news/detail.php?ID=1064

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

FDI: Treatment and operations, nes

According to several news reports, on 8 December 2017, Myanmar's Central Bank allowed foreign banks to provide financing and banking services to domestic exporters. The banks willing to extend such services have to obtain a permit from the central bank. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A