INGAPORE — A top World Bank official says the bank won't give financial aid or a loan to cyclone-hit Myanmar because of its outstanding debts.
Managing Director Juan Jose Daboub says the World Bank is working with Southeast Asian countries by providing technical support to assess damages in Myanmar and to help them to plan rehabilitation efforts.
But he says it is "not in a position to provide (financial) resources to Myanmar" because the military-ruled nation has been in arrears with the World Bank since 1998.
His comments Tuesday come ahead of an aid donors' conference in Yangon on Sunday to pledge funds for Myanmar.
The country has said that losses from the recent Cyclone Nargis exceeded $10 billion.
Cyclone Nargis
I opened this account just to keep the record of Cyclone Nargis.
May the generations learn how to protect from the disaster...
May the generations learn how to work together as Burmese
Citizens, as we do now for the Cyclone Nargis's relief.
May the generations know the world is with us..........
May the generations know the darkness can't overcome the Light....
May the generations realize that they are part of history......
May the sky of Burma free from darkness cloud.
We shall not forget this sadness movement.
** You can almost find ever thing here and here about Cyclone Nargis relief works.
May the generations learn how to protect from the disaster...
May the generations learn how to work together as Burmese
Citizens, as we do now for the Cyclone Nargis's relief.
May the generations know the world is with us..........
May the generations know the darkness can't overcome the Light....
May the generations realize that they are part of history......
May the sky of Burma free from darkness cloud.
We shall not forget this sadness movement.
** You can almost find ever thing here and here about Cyclone Nargis relief works.
Tuesday, May 20, 2008
World Bank won't lend to Myanmar, cites old debts
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