The writer, Abdullah Shibli, says it is now high time for countries to contain the bad actors in Naypyidaw using broader diplomatic pressure and tighter sanctions.
The writer says it is now high time for countries to contain the bad actors in Naypyidaw using broader diplomatic pressure and tighter sanctions.
. Read more at straitstimes.com.
By Reuters Staff
1 Min Read
WASHINGTON, Feb 25 (Reuters) - The World Bank has halted payments to projects in Myanmar on withdrawal requests made after a Feb. 1 coup by the country’s military, the bank said in a letter to Myanmar’s finance ministry seen by Reuters on Thursday.
A World Bank spokesman verified the letter, from World Bank Myanmar country director Mariam Sherman to the Myanmar Ministry of Planning, Finance and Industry, which said that the bank would make payments to Myanmar project suppliers, contractors and consultants for withdrawal applications made prior to that date. (Reporting by David Lawder and Poppy McPherson Editing by Chizu Nomiyama)
FILE PHOTO: The World Bank headquarters building is decorated ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas
WASHINGTON (Reuters) - The World Bank has halted payments to projects in Myanmar on withdrawal requests that were made after a Feb. 1 coup by the country s military, the bank said in a letter to Myanmar s finance ministry seen by Reuters on Thursday.
A World Bank spokesman verified the letter, from World Bank Myanmar country director Mariam Sherman to the Myanmar Ministry of Planning, Finance and Industry. It said the bank would make payments to Myanmar project suppliers, contractors and consultants for withdrawal applications made prior to that date.