|
The area is virtually inaccessible to outside observers, and the government has yet to comment on the fighting. Myanmar's central government has tenuous control of many parts of the country where minority groups
-- many of which maintain their own militias -- are strongest. It has reached cease-fire agreements with 17 ethnic minority rebel militias since 1989 and most have been allowed to keep their weapons and maintain some autonomy over their areas. Despite sanctions against its government, Myanmar received a record $20 billion of foreign investment pledges in the last financial year, an extraordinary amount that tops total foreign direct investment over the past two decades combined. Neighboring China, with $8.27 billion, accounted for 41 percent of the commitments in the financial year that ended in March, much of it poured into hydropower projects. The U.S. and European Union have imposed economic sanctions on Myanmar for its poor human rights record and failure to make democratic reforms. Sanctions, including banning U.S. companies from investing in Myanmar and banning Myanmar exports to the United States, started in 1997.
[Associated
Press;
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor