A Stockholm-based think tank said military spending came to 2.3 percent of global GDP — a tenth of which would be enough to end poverty and hunger by 2030.
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Vikram Kumar, the Resident Representative for the International Finance Corporation (IFC) in Burma, spoke to DVB Interview International’s Alex Bookbinder about IFC investments in Yoma Bank and Shangri-La hotels.
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As the level of income disparity increases, it is feared that it may portend social unrest down the road, perhaps resulting in a return to a more controlled economy and populace.
In May the government granted over 10 million Kyat [USD$10,000] to Kamarmat village-tract in Rangoon as part of a nationwide poverty alleviation scheme. Impoverished households were due to get 30,000[…]
