Refinancing for Burma Would Not Be a First for World Bank; Could Be for ADB

From globaldevelopment Sat Nov 17 2012, 05:51:23

By David Roodman - I argued three months ago that donors should refinance rather than cancel Burma's $11 billion debt. The logic: the reforms underway in Burma, while remarkable and welcome, are also delicate, reversible, and incomplete. The country's famed opposition figure Aung San Suu Kyi called early this year for the suspension rather than termination of the economic [...]

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