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Lifting restrictions without financial transparency is endorsing mismanagement

February 7, 2012

8.1 billion of the 11 billion US loans were taken from China and India by U Than Shwe's State Peace and Development Council SPDC and then the U Thein Sein goverment. Not U Ne Win.




FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 7, 2012 -- Lifting restrictions without financial transparency is endorsing mismanagement.

FTUB corrects that 8.1 billion of the 11 billion US loans were taken from China and India by U Than Shwe's SPDC and then the U Thein Sein government. Not by U Ne Win.
Being Prime Minister during the SPDC government and now the President, U Thein Sein ustexplain to the people and the parliment what the function within the SPDC was to get these loans, what the plan was on paying back, ie; method, years

Burma as one who wants to change, the donor countries who want to see change and the IFIs who aim to help must also not shy away from the obstacles that Burma faces. Without a clear report, the IMF will be liable for Burma's financial throes within a short time frame. Burma cannot afford IMF's miscalculations on the Asean financial crisis and Argentina repeated.

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free-press-release.com 11 bill debt     Burma     Forced Labor     FTUB     imf     Money laundering     Myanmar     transparency

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Contact Information

  • Name: FTUBinformation

    Company: Federation of Trade Unions Burma

    Email: ***@yahoo.com





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