US to issue sanctions waiver for Myanmar

AP News
Posted: Feb 06, 2012 1:57 PM
US to issue sanctions waiver for Myanmar

The U.S. is easing one of its many sanctions against Myanmar as a reward for political reforms after five decades of direct military rule.

The step is very limited, and most of the tough U.S. economic, trade and political restrictions will remain in place.

But it could make it easier for Myanmar to secure help from the World Bank and other international financial institutions by lifting U.S. opposition to them conducting assessments.

Under human trafficking legislation, the U.S. must oppose these institutions using their money to help Myanmar. State Hillary Rodham Clinton is expected to sign the waiver Monday.

President Barack Obama authorized the move Friday.

Other U.S. sanctions still oppose the institutions giving loans or technical assistance.