ADB, IMF encourage Myanmar to carry on economic reforms

The Asian Development Bank (ADB ) and International Monetary Fund (IMF) Saturday encouraged Myanmar to carry on its economic reforms aimed at achieving the goal of reducing poverty and development.

ADB and IMF officials said at a seminar on Myanmar held on the sidelines of an ADB annual meeting here that the country is on the right track to build its own economic and financial institutions for future development.




Stephen Groff, vice president of ADB, also cautioned that the country must have an "expectation management" for its people, as things will not change overnight but take time to move forward.

But he said the government of Myanmar should let the people know the country's reforms will bring returns in future.

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