World Bank Says No to Aiding Myanmar Because it Owes the Bank Money

World Bank Says No to Aiding Myanmar Because it Owes the Bank Money

05.21.08 posted by pondy 132 views 3 comments
The World Bank is not in a position to provide any financial aid to cyclone-stricken Myanmar because the country has not been servicing its World Bank debt since 1998, a bank official said. This seems rather harsh considering 134,000 people are dead and the country is suffering to such an extreme. With so many resources shouldn't the World Bank find a way to help?
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Here's the quote from the World Bank:

"The World Bank is not in a position to assist Myanmar at this time," World Bank Managing Director Juan Jose Daboub told reporters, adding that it was the bank's policy not to provide funds to countries that have fallen behind on debt.

Well, of course World Bank do have right to do like this.
But it should not use such funny excuses...

If World Bank really regard this a good reason to refuse to help victims of disaster, I really can not see the necessity of its existence...We already have plenty of commercial banks in the worlds...

evanstle said: Well, of course World Bank do have right to do like this.
But it should not use such funny excuses...

If World Bank really regard this a good reason to refuse to help victims of disaster, I really can not see the necessity of its existence...We already have plenty of commercial banks in the worlds...
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Who give you money to say like that? Do you think it is easy to borrow from other banks? What is your credit rating? Negative 750? The Military Junta has been stolen country's money and world's money too. If you steal, you have to pay back in this life or forever next next lives.

Helping victims of disaster is the other issue.
Disaster in the country is the beginning of the fall of the government.

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