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A striking coal miner places a burning tire onto a barricade on the A-66 motorway to protest the government's spending cuts in the mining sector, in Campomanes, near Oviedo, northern Spain, May 29, 2012. Spain's economy is contracting for the second time since late 2009 and four years of stagnation and recession have pushed unemployment above 24 percent, the highest rate in the European Union. REUTERS/Eloy Alonso

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A woman holds her malnourished child at a therapeutic feeding center at al-Sabyeen hospital in Sanaa May 28, 2012. REUTERS/Mohamed al-Sayaghi

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A woman walks past silkscreen prints of Britain's Queen Elizabeth by Andy Warhol during a press view at the National Portrait Gallery in London May 16, 2012. REUTERS/Stefan Wermuth (BRITAIN - Tags: ENTERTAINMENT SOCIETY ROYALS)

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World Bank says can't give aid to Myanmar now

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SINGAPORE | Tue May 20, 2008 2:10am EDT

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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