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Now there are only eleven non-public local insurance corporations, plus state-owned Myanma Insuranc In addition, the financial system continues to be primarily cash-based, with an antiquated banking system and a chronic lack of capital . There is certainly a lot to be accomplished, however that raises its own challenges as poorly regulated development dangers doing more hurt than good in a rustic where colonial British regulation stays largely in place, unless outdated by new however typically poorly drafted legislation.
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