The regime’s latest capital controls have spooked the business community, exacerbated the shortage of dollars and sent the kyat plummeting – and experts say the junta could be running out foreign exchange needed for vital imports.
A “collateral-free” loan scheme for small and medium enterprises launched by the Myanmar government in 2014 looks functional on paper, but business owners say it is nearly impossible to access and does not provide enough money to be useful.
BY Frontier
