BUSINESS – IMF cautions Burma despite promise of growth

A consultation team from the International Monetary Fund (IMF) who visited Burma through June has cautioned finance officials against the “downside risks” of the country’s development. Such risks include persistent dollar strength and low natural gas prices, which the IMF said may weaken Burma’s fiscal position. The team recommended the government tighten monetary and fiscal policies to contain inflationary pressure and anchor exchange rate expectations in order to reduce financial sector risks.