World Bank halts payment requests on Myanmar projects made after February 1 coup


  • World
  • Friday, 26 Feb 2021

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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Global measles cases jumped in 2023 due to 'inadequate' vaccine coverage
FLASH: XI ARRIVES IN LIMA FOR STATE VISIT TO PERU, APEC MEETING
EU allocates 300 mln euros for defense procurement projects among member states
Finnish researchers find new way to grow blood vessels in lab-grown mini organs
Roundup: European Parliament votes for one-year delay to anti-deforestation law
FIFA World Cup Asian qualifying Group B result
FIFA World Cup Asian qualifying Group C results
FIFA World Cup Asian qualifying Group A result
4 Kenyan counties at alert drought phase with risk of starvation
China edges Bahrain in FIFA World Cup qualifier on striker Zhang's late winner

Others Also Read