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World Bank says can't give aid to Myanmar now
20 May 2008 05:59:10 GMT
Source: Reuters
SINGAPORE, May 20 (Reuters) - 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 on Tuesday.

"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 repayments. (Reporting by Jan Dahinten & Koh Gui Qing; Editing by Sanjeev Miglani)


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A boy looks for food on Yangon river bank near a village hit by Cyclone Nargis, outside Yangon May 19, 2008. REUTERS/Strringer (MYANMAR) ...



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Last updated:Tue May 20 05:57:33 2008