On August 28, the Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV consultation1 with Myanmar […]
• • •There have been few empirical studies on flight capital and illicit trade flows to and from Myanmar. This may be due in part to significant challenges with obtaining reliable data and statistics on the country. The statistical database is weak, with gaps in data availability, and the methodology used to compile the statistics has not been reviewed for quite some time. Hence, there is a risk that compilers may not have adhered to international guidelines for the compilation of economic statistics […]
• • •Nearly US$20 billion flowed illegally out of Myanmar between 1960 and 2013— draining domestic resources, driving the underground economy, exacerbating inequality, and facilitating crime and corruption—according to a new report released today by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization […]
• • •