US lifts sanction on Myanmar

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.

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About the author

  • Ravelo jennylei

    Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.