The economic prospects of Myanmar, formerly Burma, could be undermined by volatile commodity prices, according to the United Nations, which says that reliance on the now-lucrative oil and gas sectors could hinder fiscal modernization. Western companies appear eager to tap into Myanmar’s natural resources as US and EU sanctions are relaxed or suspended in the wake of a succession of recent reforms such as the freeing of political prisoners and the holding of free and fair by-elections on April 1.
The Threats to Myanmar's Economy
The Threats to Myanmar's Economy
The Threats to Myanmar's Economy
The economic prospects of Myanmar, formerly Burma, could be undermined by volatile commodity prices, according to the United Nations, which says that reliance on the now-lucrative oil and gas sectors could hinder fiscal modernization. Western companies appear eager to tap into Myanmar’s natural resources as US and EU sanctions are relaxed or suspended in the wake of a succession of recent reforms such as the freeing of political prisoners and the holding of free and fair by-elections on April 1.