Photo credit: Reuters
- The World Bank on Monday (Feb 1) said it was gravely concerned about the current situation in Myanmar and a military takeover of power, warning the events risked a major setback to the country’s transition and its development prospects.
- “We are concerned about the safety and security of people in Myanmar, including our staff and partners, and are troubled by the shutdown of communications channels both within Myanmar and with the outside world,” the Bank said in a statement issued late on Monday.
- Myanmar’s army handed power to military chief General Min Aung Hlaing and imposed a year-long state of emergency, saying it had responded to what it called election fraud.
- The World Bank said it had been a committed partner in supporting Myanmar’s transition to democracy for the past decade, as well as its efforts to achieve broad-based sustainable growth and increased social inclusion.
- The Bank’s website lists US$900 million in World Bank lending commitments to Myanmar in 2020, and US$616 million in 2017.
What is your plan for crisis control? Need help managing your organization crisis? Each crisis is different, if you have a crisis contact us immediately at https://www.crisismanagementcentre.com/contact-us/
We are ready to manage your crisis.