The Burmese military government and numerous ethnic minority armed groups have entered a series of ceasefires since 1989 in spite of the fact that most previous talks between 1949 and 1983 failed. Why did the parties enter into ceasefire accords? What is the nature of the accords? What have been the consequences? What are the future scenarios? Written by two Burmese researchers, this study investigates the underlying factors behind the ceasefires, explores the nature of the secretive agreements, and identifies the consequences affecting stakeholders in the larger context of peacebuilding, political settlement, democratization, and the state-building process.