Can Myanmar’s military recruit an army of investors?

Myanmar is undergoing political liberalization and opening up to the wider world. But the process is full of ironies and aberrations. What this new era will mean for the country’s economy and financial sector is far from clear.

Forty-four hardwood steps lie between Yangon’s bustling streets and one of the world’s sleepiest stock exchanges. A thin film of dust on each step muffles the sound of your shoes as you patter up to the first floor, but only slightly: the silence as you approach the trading floor is deafening, broken only by the faint honking of traffic on Sule Pagoda Road.

Once inside, past a door beseeching ‘Strict silence!’ in Burmese, the look and feel of a lending library continues.

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