Long-delayed Indian Ocean gateway project takes on urgency as growth slows

Dawei Top 2026-10

Thailand, which is still looking for a gateway to the Indian Ocean, first considered developing the Dawei area in southern Myanmar for this purpose in the 1990s. (Photo by Yuichi Nitta)

TORU TAKAHASHI

October 31, 2026 09:40 JST

TOKYO — The International Monetary Fund and World Bank held meetings in Bangkok earlier this month that ended somewhat anticlimactically, with U.S. Treasury Secretary Scott Bessent skipping a Group of 20 meeting of finance ministers and central bank governors.