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Myanmar needs to be more selective in inviting foreign banks – opinion
August 08, 2012
The country should adopt strict financial requirements when allowing foreign banks inside the country, as it needs to establish regulatory infrastructure and shore up its local bank balance sheets.
Myanmar is in some ways lucky that it is building its banking system now. The country has witnessed from the sidelines the painful economic crises that have Europe and the US still stumbling. It has also seen how a lack...
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