Investment Climate Statements provide a thorough description of the overseas environments in which U.S. investors must operate. The statements cover general characteristics, such as openness to foreign investment and treatment of foreign investors, as well as details about procedures for licensing and similar administrative matters. The statements are updated each year as Chapter 7 in the Country Commercial Guides, a series to be found by country at the U.S. Department of Commerce website.
U.S. Government Resources
- EIU Democracy Index
- Heritage Foundation’s Index of Economic Freedom
- IMF Burma Country Page
- World Bank Burma Country Page
- Asian Development Bank Burma Country Page
- United Nations Development Programme Burma Country Page
- Investment Climate Statement
Following years of isolation from the global economy, Burma in 2011 embarked on a new course and began implementing significant reforms to spur economic development and create an attractive business climate meant to generate more inward foreign investment. Over the past several years, the government has made good on its promise to take steps that address some of the challenges facing Burma’s economy, including eliminating multiple exchange rates, passing a new foreign investment law, reducing trade restrictions, and reforming tax policy and administration.