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"However," Nair added, "Many businesses will still remain cautious as other factors which will impact the success of their investment have still to be addressed." Attracting foreign direct investment is seen as crucial to the Myanmar government's ambitious plans for economic expansion. Western nations earlier this year eased economic sanctions instituted against the repressive former military regime, lifting another barrier to foreign investment. Reforms to the financial system, especially the jettisoning of an onerous dual exchange rate system, were also made to encourage investors.
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