InfoAnda - Vital for Myanmar to re-engage with lenders: Brainard |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. forces shoot Iraqi boy dead after grenade attack | International | | 10 May 2009
Long wait over as Terrence Malick film hits Cannes | | 16 May 2011
Lawsuit over silent screen star Mary Pickford's Oscar opens | 5 December 2008

Negotiations with Somali rebels an option: PM | | 9 September 2011

Forum Views () Forum Replies ()

Read more with google mobile : Vital for Myanmar to re-engage with lenders: Brainard |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our best photos from the past week. Slideshow Images of September Follow Reuters Facebook Twitter RSS YouTube Read Satellite burns up following SpaceX rocket glitch 12 Oct 2012 Shot fired into Obama campaign office in Denver 12 Oct 2012 U.S. intelligence set back when Libya base was abandoned 12 Oct 2012 A diamond bigger than Earth? 11 Oct 2012 Egypt's liberals, Islamists clash, 110 reported injured | 12 Oct 2012 Discussed 158 Democrats frustrated by Obama’s ”Big Bird” campaign turn 136 Biden and Ryan in high-stakes election debate 132 Romney to draw contrast with Obama on foreign policy Sponsored Links Vital for Myanmar to re-engage with lenders: Brainard Tweet Share this Email Print Related News HIGHLIGHTS-IMF, World Bank meetings in Tokyo 8:57am EDT IMF urges Europe to put brake on deep budget cuts Thu, Oct 11 2012 Top China delegate pulls out of IMF meet amid islands row Wed, Oct 10 2012 IMF warns global economic slowdown deepens, prods U.S., Europe Tue, Oct 9 2012 World Bank cuts East Asia GDP outlook, flags China risks Mon, Oct 8 2012 Analysis & Opinion China bashing: A U.S. political tradition Chinaâ€™s IMF boycott undermines quest for clout Related Topics World » Myanmar » Treasury Undersecretary for International Affairs Lael Brainard testifies at a House Financial Services Committee hearing on financial regulatory reform on Capitol Hill in Washington, June 16, 2011. Credit: Reuters/Jason Reed By Lesley Wroughton TOKYO | Sat Oct 13, 2012 8:54am EDT TOKYO (Reuters) - The United States will support Myanmar's efforts to fully restore relations with global lenders like the World Bank as long as the Southeast Asian nation pursues political and economic reforms, a senior U.S. Treasury official said on Saturday. The U.S. Congress last month approved a bill that will allow the Obama administration to waive a ban on U.S. participation in providing development loans from the World Bank to Myanmar, also known as Burma. In an interview with Reuters Television, U.S. Treasury Undersecretary for International Affairs, Lael Brainard, said the United States was in the beginning stages of lifting an import ban that would have huge benefits for Myanmar's economy, which suffered under decades of military rule and isolation. "As the reform process continues we will be able to do more," Brainard said. "We think it's very significant for the World Bank and the Asian Development Bank, as well as the International Monetary Fund, to be able to re-engage with Myanmar as they undertake these very significant reforms." Re-engaging with the global lenders will also open the door for creditor nations to write off Myanmar's bilateral debts through the Paris Club, Brainard said. While the United States is not part of that effort, Brainard said it was important that the donor community work together to ensure Myanmar proceeds with democratization. Japan this week said it would start to waive most of Myanmar's debt arrears of more than $6 billion as of January. Tokyo has also said it will help clear the arrears to the World Bank and Asian Development Bank that have prevented Myanmar from borrowing from the institutions. "In the months ahead we will work closely with Japan and other major countries that have an interest in Burma's reform process," Brainard said. "We are not among the bilateral lenders, but we think it is important for the donor community to work together and to match the action-for-action framework as they proceed on reforms." She said it was vital that everyone in Myanmar benefit from the changes. Foreign investors have rushed to tap one of Asia's last frontier markets, a country that borders the booming economies of India, China and Southeast Asia with an abundance of oil, gas, timber and precious stones. Added to that are cheap labor and opportunities in tourism, manufacturing, banking and heavy industry. Brainard said U.S. companies were keen to invest in Myanmar, although more work needed to be done by the government to improve the environment for foreign businesses. "They are going to need to work on transparency, governance, on their rule of law, so it is going to be the beginning of a process that will take some time," she said, "but our business community is enthusiastic and, of course, we are very enthusiastic to be re-engaging with this part of the world." Separately, World Bank President Jim Yong Kim said the institution was working with the government to sort through Myanmar's debt arrears to the Bank. He said it was vital that a development plan for Myanmar be compiled by the government, which has a better grasp of its own needs for better services and infrastructure. "We are working with them to get a full understanding of the nature of the arrears and we are very anxious to move forward together with other donors," Kim said at the conclusion of IMF-World Bank meetings. "There is great concern about providing basic services to the people and so we will follow Myanmar's lead." World Myanmar Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 13 October 2012
Clinton says U.S. must embrace Arab Spring despite dangers |
Two blasts in Kenyan capital, policeman wounded |
U.N. Security Council asks for Mali plan within 45 days |
New laser technology stirs nuclear bomb proliferation fears |
Freed Pussy Riot member says protests must be more cunning |
Microsoft to add Google as defendant in Motorola patent fight |
Analysis: Smaller firms grab big slice of mobile advertising |
Grammys give Whitney Houston a glittering salute |
At 70, Streisand still soars in Brooklyn homecoming |
U.S. intelligence hurt when Libya base was abandoned |
Two foreigners feared kidnapped from Afghanistan aid team: police |
Blind Chinese activist says nephew could face unfair trial |
Suicide bombing kills 14 at Pakistan market |
China detains man for leaking secrets in former police chief case |
U.S. hearing on Kandahar massacre to include video testimony from Afghans |
Microsoft sets Windows 8 price, opens for pre-order |
PayPal plans first job cuts since 2008 financial crisis |
IBM books $160 million pension-related fee in third quarter |
Cyber attacks against Wells Fargo significant, handled well: CFO |
AMD plans layoffs after recent warning: source |
James Bond soars in early Skyfall reviews |
Million Muppet March planned to defend U.S. backing for PBS |
Met Opera's James Levine to return in May after spinal injury |
Turkey condemns U.N. inertia as Syrian conflict deepens |
Al Qaeda leader Zawahiri calls for more Mohammad film protests |
Mali Islamists step up threats as France pushes for war |
U.S. asks Britain to extradite Kyrgyz ex-leader's son |
South Africa police and protesters clash near mine shaft |
Libya police colonel targeted in assassination attempt |
Greece makes progress, but should get more chances: Merkel |
Iran could halt 20 percent uranium enrichment if given fuel: officials |
Vital for Myanmar to re-engage with lenders: Brainard |
Apple to host October 23 event, iPad mini expected |
Exclusive: FTC moving closer to Google antitrust case
Richter painting sale sets record for living artist |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01