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Myanmar Says It Has Enough Funds to Avert Sri Lanka-Like Crisis.
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- Author(s): Kyaw, Khine Lin (AUTHOR)
- Source:
Bloomberg.com. 7/26/2022, pN.PAG-N.PAG. 1p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: (Bloomberg) -- Myanmar has sufficient foreign reserves to avoid an economic crisis similar to Sri Lanka's, the military government said, pushing back on suggestions by some analysts that the Southeast Asian nation faces a growing possibility of default. Major General Zaw Min Tun, a spokesman for the State Administration Council, said at a press conference on Tuesday that Myanmar has a "fair share of foreign-currency reserves", including US dollars and yuan, without giving specific figures. [Extracted from the article]
- Abstract: Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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