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World Bank says can't give aid to Myanmar now
SINGAPORE |
SINGAPORE (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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