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Myanmar and the International Monetary Fund information


Map of Myanmar

Myanmar (officially known as the Republic of the Union of Myanmar, and also known as Burma), officially joined the International Monetary Fund (IMF) as of January 3, 1952;[1] shortly before the end of term for the Union of Myanmar's first President, Sao Shwe Thaik, and the induction of Ba U.[2] Since the induction of Myanmar as a member of the institution, they have made six arrangements with the IMF with its most recent arrangement made in 1981. As of 2019, they are currently led by Kyaw Kyaw Maung and Alternate U Soe Thein; their Special Drawing Rights (SDR) is at 0.79 million [1][3] and quota consists of $516.8 million SDR which is 0.11% of the total IMF funds available.[4] As of 2019, the country is under one of the twenty-four Executive Boards that facilitates the day-to-day operations of the IMF, led by Alisara Mahasandana and Alternate Keng Heng Tan; their co-board members consist of Brunei Darussalam, Cambodia, Republic of Fiji, Indonesia, Laos, Malaysia, Nepal, Philippines, Singapore, Thailand, Tonga, and Vietnam. The Executive Board accumulates around 218,545 total votes which account for 4.34% of the Fund's total, Myanmar allocates 6,633 of the votes (0.13% of the total votes in the IMF).[5][4]

  1. ^ a b "Myanmar and the IMF". IMF. Retrieved 2019-12-03.
  2. ^ "Myanmar Presidents". fnst.org. Retrieved 2019-12-03.
  3. ^ "Financial Position in the Fund for Myanmar as of October 31, 2019". www.imf.org. Retrieved 2019-12-03.
  4. ^ a b "IMF Members' Quotas and Voting Power, and IMF Board of Governors".
  5. ^ "IMF Executive Directors and Voting Power". www.imf.org. Retrieved 2019-12-03.

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