Locally owned private banks including the country's largest, Kanbawza Bank, welcomed Myanmar's membership in MIGA.
"I think this is good for the country overall," said Than Win, deputy general manager at KBZ Bank.
Keiko Honda, MIGA executive vice president, also welcomed Myanmar as a member at a critical time in the country's history.
"We are eager to support investments in sectors such as energy, telecom, and agribusiness. Investments that create jobs and provide critical infrastructure will help Myanmar realize the benefits of its historic transition," she said.
In October, Honda had outlined MIGA's goals.
Improvement of lives