The Asian Development Bank (ADB) launched its Asian Outlook 2016 report last week, which called for the economy to grow around 8.4 percent this fiscal year. The report is an assessment and prediction on Myanmar’ 2016 economy and the challenges it faces. Overall, it predicts economic growth will recover and inflation will moderate in the 2016 fiscal year.
Since 2013, the Peace Corps, a U.S. government initiative to support developing nations, has been conducting a series of assessments to better evaluate the optimum way it can support Myanmar’s transition. As a result, the Peace Corps is preparing to officially open a local office in Yangon in February 2016.