The World Bank is exploring the possibility of lifting its funding ban against Myanmar. The bank’s assistance to the country has been frozen for more than two decades over the clampdown of democracy movement there.
James Adams, World Bank vice president for east Asia and the Pacific, travelled to Myanmar with representatives of the Asian Development Bank, with the goal of looking at “possible future analytical work that could have a positive development impact for the people.”
But Adams expects the renewed aid to be limited to technical support for projects in the Asian nation.
“The World Bank has not provided financing to the government of Myanmar since 1987 and we have made clear to government, shareholders and development partners that we have no intention of doing so under current circumstances,” Adams told the Financial Times.