US to issue sanctions waiver for Myanmar

The U.S. is easing one of its many sanctions against Myanmar as a reward for political reforms after five decades of direct military rule.

Police trucks park in front of the city hall to provide security on Monday, Sept. 26, 2011, in Yangon, Myanmar. (AP Photo/Khin Maung Win)

WASHINGTON (AP) — The U.S. is easing one of its many sanctions against Myanmar as a reward for political reforms after five decades of direct military rule.

The step is very limited, and most of the tough U.S. economic, trade and political restrictions will remain in place.

But it could make it easier for Myanmar to secure help from the World Bank and other international financial institutions by lifting U.S. opposition to them conducting assessments.

Under human trafficking legislation, the U.S. must oppose these institutions using their money to help Myanmar. State Hillary Rodham Clinton is expected to sign the waiver Monday.

President Barack Obama authorized the move Friday.

Other U.S. sanctions still oppose the institutions giving loans or technical assistance.
Associated Press
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 138802144 - local8now.com/a?a=138802144
Gray Television, Inc.