International financial institutions are now free to carry out assessment missions and provide limited technical assistance to Myanmar.
On Monday (Feb. 6), U.S. Secretary of State Hillary Clinton made good of her promise to Myanmar during her visit in December in light of political and economic reforms in the country. She signed a “partial waiver” that lifts some U.S. restrictions on global financial institutions, such as the World Bank, the Asian Development Bank and the International Monetary Fund, under the Trafficking Victims Protection Act.
The waiver, however, is very limited. It does not include providing loans or full-fledged technical assistance to the country.
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.