• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Myanmar earns more rewards for ongoing reforms

    By Ivy Mungcal // 19 April 2012

    The European Union and Japan are both reportedly close to easing more sanctions against Myanmar — the latest in a series of positive donor responses to ongoing political reforms in the country.

    EU members have agreed in principle to suspend for a 12-month period all but one of the sanctions the bloc imposed on Myanmar, EU diplomats said, according to Agence France-Press. The EU will maintain its arms embargo,Agence France-Presse says.

    The one year period “gives us time to assess the sustainability of reform,” one diplomat said.

    A formal announcement of the agreement is expected to be made at the EU foreign ministers’ meeting in Luxembourg Monday (April 23). At least one expert on democratic development in Southeast Asia has predicted that the bloc will make this move.

    Meanwhile, Japan is reportedly close to announcing that it will resume providing development loans to Myanmar. The announcement could be made as early as this weekend, Reuters says, citing a source familiar with the topic. The resumption of loans will likely follow a 300 billion yen ($3.7 billion) debt relief Japanese Prime Minister Yoshihiko Noda is expected to announce Saturday (April 21), the Asahi Shimbun reported, according to Agence France-Presse.

    The two countries are “putting the final touches” on how Myanmar can pay at least a part of its debt to Japan, which is one of the preconditions for new loans, explained Reuters’ source, who requested anonymity.

    Read more:

    • US relaxes more Myanmar sanctions

    • Donors play carrot and stick in Myanmar

    • Japan may resume development loans to Myanmar

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    Development FinanceIn 2024, global aid fell for the first time in five years

    In 2024, global aid fell for the first time in five years

    European UnionEurope is cutting development spending, and it's not because of Trump

    Europe is cutting development spending, and it's not because of Trump

    United NationsThe UN's changing of the guard

    The UN's changing of the guard

    Funding InsightsWho’s funding the multilateral system?

    Who’s funding the multilateral system?

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      The UN's changing of the guard
    • 3
      Lasting nutrition and food security needs new funding — and new systems
    • 4
      The top local employers in Europe
    • 5
      The power of diagnostics to improve mental health
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement