Tuesday, April 17, 2012

U.S. Eases Sanctions For Nonprofits Working In Myanmar

The United States has eased financial sanctions that will allow U.S. nonprofits to do humanitarian and development work in the Southeast Asian country of Myanmar.

ABC News reported today that the Treasury Department announced the changes to the sanctions as a reward for the military-dominated country, sometimes known as Burma, for instituting democratic reforms. It is the first of many changes that will be made by the Obama administration after Aung San Suu Kyi's opposition party won a landslide victory during the country's recent by-elections. The U.S. also plans to ease restrictions to allow some investment to the country and the export of other financial services. Tough sanctions on trade will remain in place for now.

The international work that will be done by nonprofits should bring much needed help to a country that is one of the poorest in Southeast Asia after 50 years of military rule.

You can read the full story on ABC News' website.

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