According to campaign group Justice for Myanmar (JFM) the International Finance Corporation (IFC) of the World Bank Group is divesting from Myanmar’s Yoma Bank after its business with military companies was exposed.
On August 5, 2019, the United Nations’ Independent International Fact-Finding Mission (FFM) on Myanmar (Burma) released a revealing report on the economic interests of the Burmese military.REF The report was a follow-up to the FFM’s initial
Rights group calls on World Bank and international investors to pressure Yoma Bank to cease its business relationship with Mytel’s military-backed operator.