The International Monetary Fund will be "guided by our membership" in deciding whether to recognize the military regime that has seized power in Myanmar as the country's legitimate government, IMF spokesman Gerry Rice said on Thursday.
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The State Administrative Council, including 11 members, chaired by Senior General Min Aung Hlaing, including eight military leaders and three civilian leaders, was recently formed to assume gov’t functions on February 2.
The State Administrative Council has been reshuffling top government officials: Union Ministers, Union Election Commission, the Central Bank, Police Chief , Attorney General and Auditor-General.
On Feb 2, the State Administrative Council recently appointed NayPyiTaw Council Chairman and 12 Chairmans of Region or State Administrative Council.
The State Administrative Council announced on Feb 2 that it has appointed a new chairman with 5 new members of the Union Election Commission.
U Than Nyein was newly appointed as chairman of the Central Bank, according to the announcement of the State Administrative Council on Feb 2.
3 Min Read
WASHINGTON (Reuters) - The International Monetary Fund will be “guided by our membership” in deciding whether to recognize the military regime that has seized power in Myanmar as the country’s legitimate government, IMF spokesman Gerry Rice said on Thursday.
Slideshow ( 2 images )
The Fund is watching the situation in Myanmar closely and is “very concerned about the impact of recent events” on Myanmar’s people, Rice told a regular IMF news briefing.
Reuters first reported that the IMF had transferred about $350 million in emergency coronavirus financing to Myanmar last week, just days before the coup.
Rice said the IMF board followed all proper procedures in approving the payment to Myanmar. The agreement with detained leader Aung San Suu Kyi’s government included safeguards aimed at ensuring that the funds would be used for coronavirus-related humanitarian purposes, including audit requirements and transparency for procurement contracts.
3 Min Read
WASHINGTON (Reuters) - The International Monetary Fund will be “guided by our membership” in deciding whether to recognize the military regime that has seized power in Myanmar as the country’s legitimate government, IMF spokesman Gerry Rice said on Thursday.
Slideshow ( 2 images )
The Fund is watching the situation in Myanmar closely and is “very concerned about the impact of recent events” on Myanmar’s people, Rice told a regular IMF news briefing.
Reuters first reported that the IMF had transferred about $350 million in emergency coronavirus financing to Myanmar last week, just days before the coup.
Rice said the IMF board followed all proper procedures in approving the payment to Myanmar. The agreement with detained leader Aung San Suu Kyi’s government included safeguards aimed at ensuring that the funds would be used for coronavirus-related humanitarian purposes, including audit requirements and transparency for procurement contracts.
By David Lawder
WASHINGTON (Reuters) - The International Monetary Fund will be guided by our membership in deciding whether to recognize the military regime that has seized power in Myanmar as the country s legitimate government, IMF spokesman Gerry Rice said on Thursday.
The Fund is watching the situation in Myanmar closely and is very concerned about the impact of recent events on Myanmar s people, Rice told a regular IMF news briefing.
Reuters first reported that the IMF had transferred about $350 million in emergency coronavirus financing to Myanmar last week, just days before the coup.
Rice said the IMF board followed all proper procedures in approving the payment to Myanmar. The agreement with detained leader Aung San Suu Kyi s government included safeguards aimed at ensuring that the funds would be used for coronavirus-related humanitarian purposes, including audit requirements and transparency for procurement contracts.