Before Coup, IMF Sent Myanmar $350 Million, Refund A Concern

Wednesday, 3 February 2021Newsdesk

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.

New Delhi, 03 February 2021

As per news report of NDTV, 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.

Source -NDTV