MAP Myanmar’s 2014 study found that although the country was modernising its financial sector to better serve its economy and people, information on the financial sector and financial usage had been limited and a comprehensive overview of the supply, demand for and regulation of financial services did not yet exist.
To remedy this, MAP Myanmar was requested by the Ministry of Finance and Revenue, approved by the President of the Union of Myanmar and overseen by an inter-governmental steering committee chaired by the Managing Director of the Myanmar Microfinance Business Supervisory Enterprise (MMSE).
MAP Myanmar’s 2014 analysis found seven opportunities to improve financial inclusion and increase access to financial services:
- Dramatically increase the supply and availability of electronic payments to enable transactions and savings.
- Provide low-cost savings vehicles for short-term savings.
- Extend the availability of account-based savings options.
- Improve quantity, terms and risk profile of agricultural input credit.
- Increase availability of unsecured credit.
- Grow insurance product portfolio to meet risk mitigation needs of households.
- Develop insurance products to provide security for credit extension and protection for consumers, particularly for agriculture.
The study formed part of a global partnership between the United Nations Capital Development Fund (UNCDF), Cenfri and FinMark Trust and was funded locally by the Livelihoods for Food Security Trust (LIFT) and UNCDF.
Download the diagnostic report
Download the synthesis note
Download the roadmap presentation
Download the qualitative research report