Foreign banks line up to fund infrastructure in Myanmar

Myanmar palace230x150
By Shruti Chaturvedi
06 Nov 2014

Myanmar’s decision to allow nine foreign banks to conduct wholesale operations in the country has opened up a new avenue for syndicated loans in the region. Banks are taking a long term view, however, with most opportunities for lending expected to come from project finance and infrastructure, writes Shruti Chaturvedi.

The country's central bank granted preliminary approvals in October to the foreign banks to operate in a limited capacity, making a strong statement about the government's commitment to enable foreign capital flows into the country, which is emerging from decades of financial isolation.

Australia and New Zealand Banking ...

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