The International Monetary Fund last week sent $350 million in cash to the Myanmar government, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic.
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WASHINGTON (Reuters) - The International Monetary Fund last week sent $350 million in cash to the Myanmar government, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic.
FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo
Days later, military leaders seized power and detained elected leader Aung San Suu Kyi and other elected officials, in what the U.S. State Department said on Tuesday constituted a coup.There appears to be little the IMF can do to claw back the funds, part of rapid-disbursing COVID-19 financing programs with almost no conditions and approved by the IMF board on Jan. 13, sources familiar with the payments and international finance experts said.
Reuters
Published: 03 Feb 2021 01:54 PM BdST
Updated: 03 Feb 2021 01:54 PM BdST International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas
The International Monetary Fund last week sent $350 million in cash to the Myanmar government, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic. );
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Days later, military leaders seized power and detained elected leader Aung San Suu Kyi and other elected officials, in what the US State Department said on Tuesday constituted a coup.
There appears to be little the IMF can do to claw back the funds, part of rapid-disbursing COVID-19 financing programs with almost no conditions and approved by the IMF board on Jan. 13, sources familiar with the payments and international finance experts said.
WASHINGTON (Reuters): Last week, the International Monetary Fund sent US$350 million in cash to the Myanmar government, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic.
Days before coup, IMF sent Myanmar $350m in emergency aid; no precedent for refund 03 February 2021 - 07:46 By Reuters Protesters from Myanmar residing in Japan hold signs with photos of leader Aung San Suu Kyi at a rally against Myanmar s military after it seized power from a democratically elected civilian government and arrested Suu Kyi, outside Foreign Ministry in Tokyo, Japan February 3, 2021. Image: REUTERS/Issei Kato
The International Monetary Fund last week sent $350 million in cash to the Myanmar government, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic.
Days later, military leaders seized power and detained elected leader Aung San Suu Kyi and other elected officials, in what the US State Department said on Tuesday constituted a coup.