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Myanmar Prepares for Return of Foreign Banks

After more than five decades, foreign banks are set to fully return to Myanmar later this year as part of the government’s policy reforms aimed at developing the economy and infrastructure. The foreign banks will also provide a key source of funding in a country hungry for capital for development. Foreign banks that were present in Myanmar, also known as Burma, in 1963 were nationalized after the military took power. Years of isolation from the international community as well as...

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