US House OKs bill to ease Myanmar aid restriction



Washington: The House of Representatives has backed legislation that eases another restriction on the US providing aid to Myanmar.

The bill, that still has to pass the Senate, would allow the US to provide financial aid to the country also known as Burma through the World Bank, the Asian Development Bank and the International Monetary Fund.

The US has been rolling back its tough economic sanctions to reward Myanmar for democratic reforms.

The measure was approved late yesterday, hours after Congress presented Myanmar opposition leader Aung San Suu Kyi its highest honour. During her visit, Suu Kyi has endorsed the easing of remaining sanctions.

Currently legislation requires the US to veto such lending to Myanmar. Myanmar must also clear its arrears with the development banks before lending can resume.

PTI