Friday, December 07, 2007

IMF Sees Limited Sanctions Impact on Myanmar

Source: Reuters

Tighter Western sanctions imposed on army-ruled Myanmar after its bloody crackdown on democracy protests will have little direct impact on the economy, the International Monetary Fund said in a report.

"The overall impact is limited because of restrictions already in place and because the new sanctions cover only a small proportion of trade," the IMF said in its annual review of the former Burma's economy.

For the full report, please click here.

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