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IMF UNWILLING TO AID BURMA
IMF unwilling to aid Burma
The International Monetary Fund has offered to advise Burma on
policies needed to shift its economy away from central planning,
but is not yet ready to consider financial assistance.
Bankers say that earlier this year the IMF presented the
government in Rangoon with a package of proposals, including
devaluation of the kyat, and offered to monitor their
implementation. But the package has not been endorsed by the fund's
board, which remains opposed to financial assistance.
Peter Montagnon, London ("Financial Times" 17/11/95)