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Myanmar’s banking sector, long one of the weakest links in the former pariah state, is expected to have one of the highest growth rates in Asia after it allows foreign banks to begin operations in early 2014. The country is experiencing explosive growth (6.9 percent in the medium term, and rising, according to the World Bank) compared to its neighbors (5.2 percent, and falling), with rising household incomes, and foreign direct investment growth of 50 percent year-over-year. Moreover, Myanmar reports a substantial rise in volume and price of exports, both in commodities and manufactured goods such as gas, rice, garments, etc.

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