IMF visits Myanmar for flood recovery and financing talks

An International Monetary Fund (IMF) mission is visiting Myanmar for two weeks to discuss a flood recovery program, which may include emergency financing, sources with knowledge of the meetings said.

The IMF delegation arrived on 16 October and has visited flooded areas in Bago Region. Officials also plan to meet with the private sector, embassies, non-government organisations, the Central Bank and commercial banks, as well as the Ministry of Agriculture and Irrigation.

The intention of the trip is to examine how flooding has impacted micro economic stability, and to discuss the potential of providing financial assistance to Myanmar, said sources.

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