Description:
"The Central Bank of Myanmar on Friday said the country?s lenders have parked more than US$7 billion worth of foreign reserves in overseas bank accounts, rejecting reports that the figure was much larger and had led to the World Bank refusing to cancel its debt.
At a press conference in Naypyidaw, Central Bank chairman Kyaw Kyaw Maung denied earlier reports that the Myanmar government held up to $11 billion in five overseas accounts, and which said the size of the holdings had prompted the World Bank to stand firm on recouping the country?s loans..."
Source/publisher:
"Asia Times Online"
Date of Publication:
2013-09-23
Date of entry:
2014-06-06
Grouping:
- Individual Documents
Category:
Language:
English