Paper
Myanmar: Demand, Supply, Policy, and Regulation
Assessing the retail financial services market in Myanmar
48 pages
This synthesis note summarizes a series of documents produced as a part of the Making Access Possible (MAP) Myanmar initiative. It presents key findings of comprehensive demand-side, supply-side, and regulatory analyses. The supply-side analysis covers payments, savings, credit, and insurance. The demand-side analysis is based on quantitative data provided by the Myanmar FinScope Survey 2013 and qualitative research conducted in the form of focus group discussions, home visits, and key informant interviews. The note also identifies key priorities and opportunities to extend access to financial services in the country. The note shares the following recommendations for the Myanmar government:
- Increase the supply and availability of electronic payments;
- Provide low-cost savings vehicles for short term savings;
- Extend the availability of account-based savings options;
- Improve the quantity, terms, and risk profile of agricultural input credit;
- Increase the availability of unsecured credit;
- Grow the insurance product portfolio to meet the risk mitigation needs;
- Develop insurance products to provide security for credit extension and protection of consumers, particularly for agriculture.
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