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World Bank will not support junta, says NLD

Jul 9, 2008 (DVB), The World Bank does not have any plans to provide the military regime in Burma with financial assistance, according to Dr Win Naing, a member of the National League for Democracy Information Committee.

Dr Win Naing told DVB that a delegation from the World Bank met with five leaders from the pro-democracy party in Rangoon on Friday last week to explain about the financial institution's current policy on Burma.

"They said they still stood firm on their policy of not giving any financial loans to the regime," said Dr Win Naing.

"They also told us that they had been involved in the cyclone assessment process together with UN agencies."

DVB has learned that the World Bank will submit their findings from the assessment to interested donors to inform their decisions on aid provision.

"They said that based on their findings donors could calculate how to provide relief supplies to cyclone survivors," said Dr Win Naing.

"They stressed that donors would not channel their support to the victims through the regime, but would instead provide aid through selected NGOs or agencies."

In May this year, the World Bank's executive director Juan Jose Daboub told journalists that it currently did not have any plans to give financial support to Burma, which had lost USD 10 billion since Cyclone Nargis hit the country, because the junta had not paid off the previous debts it owed to the institution.

According to AFP, Burma's military regime has not repaid loans borrowed from the World Bank since 1988.

Reporting by Khin Hnin Htet

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