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The Central Bank of Myanmar (CBM) has announced that restrictions on export financing will gradually be eased over the remainder of 2014.  Under the current system, exporters can typically only access credit after a foreign buyer is contracted but before manufacturing commences.  In April 2014 the CBM amended import credit rules by allowing importers borrow up to 70% of the cost of the goods purchased. The success of this policy has encouraged the CBM to introduce additional changes.  CBM’s involvement in the import/export credit market is expected to gradually decrease as commercial bank participation increases.   (Source: Myanmar Times, 28 July 2014)

                                                                              http://charltonsmyanmar.com/myanmar-news/

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