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World Bank divests from Myanmar's Yoma Bank | Mizzima Myanmar News and Insight

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. ....

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World Bank-backed Yoma Bank Working With Myanmar military's Mytel Network Operator

Rights group calls on World Bank and international investors to pressure Yoma Bank to cease its business relationship with Mytel’s military-backed operator. ....

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Myanmar Junta-Controlled Innwa Bank Continues to Use Global Financial System: Report

The activist group Justice For Myanmar says foreign governments need to target Innwa and other regime assets or risk complicity in its atrocities. ....

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Myanmar limits number of foreign staff that can work in domestic banks

In addition, a bank must obtain authorisation 30 days before hiring a foreign national and some senior posts must be held by local citizens. ....

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Yoma Strategic : Myanmar limits foreign hires in banks in troubled financial sector

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BANGKOK (Reuters) - Myanmar is limiting the number of foreign staff allowed to work in domestic banks, a move that industry sources warn could further impede financial development in a country that had seen a boom in foreign investment before the military coup.
A letter dated Aug. 2 and posted on the central bank s website said major banks can now employ no more than 25 foreign staff, 15 at a medium-sized bank and eight at small lenders.
In addition, a bank must obtain authorisation 30 days before hiring a foreign national and some senior posts must be held by local citizens, it said. ....

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