BR100 Increased By (0.24%)
BR30 Decreased By (-0.18%)
KSE100 Increased By (0.16%)
KSE30 Increased By (0.11%)
AGHA 7.83 Increased By ▲ 0.08 (1.03%)
BECO 5.19 No Change ▼ 0.00 (0%)
BML 57.72 Decreased By ▼ -0.94 (-1.6%)
BOP 34.05 Increased By ▲ 0.36 (1.07%)
CNERGY 10.02 Decreased By ▼ -0.59 (-5.56%)
CSIL 5.32 Increased By ▲ 0.02 (0.38%)
FCCL 54.75 Increased By ▲ 1.01 (1.88%)
FFL 16.68 Increased By ▲ 0.22 (1.34%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.77 Increased By ▲ 0.13 (2.3%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.57 Decreased By ▼ -1.79 (-1.86%)
NBP 202.50 Decreased By ▼ -1.03 (-0.51%)
NCPL 57.05 Increased By ▲ 0.20 (0.35%)
NPL 67.92 Increased By ▲ 0.61 (0.91%)
OGDC 316.99 Decreased By ▼ -1.23 (-0.39%)
PACE 10.73 Increased By ▲ 0.10 (0.94%)
PAEL 43.32 Increased By ▲ 1.55 (3.71%)
PIBTL 16.71 Decreased By ▼ -0.10 (-0.59%)
PPL 220.25 Increased By ▲ 0.08 (0.04%)
PRL 50.00 Increased By ▲ 0.95 (1.94%)
PTC 70.60 Increased By ▲ 0.59 (0.84%)
SSGC 28.37 Decreased By ▼ -0.77 (-2.64%)
TBL 9.82 Increased By ▲ 0.05 (0.51%)
TELE 8.81 Decreased By ▼ -0.01 (-0.11%)
TPL 18.30 Increased By ▲ 1.13 (6.58%)
TPLP 13.30 Increased By ▲ 0.79 (6.31%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 59.95 Decreased By ▼ -0.27 (-0.45%)
World

EU suspends development funds in Myanmar after coup

  • The 27-nation bloc informed a committee of the World Trade Organization on Thursday that it had put on hold all development cooperation that would support the military authorities, a Geneva-based trade official said.
  • The European Commission, the EU executive, confirmed it had put on hold the budgetary support, which has typically gone to schools, elections and rural development and is worth hundreds of millions of euros over several years.
Published Updated
By

BRUSSELS: The European Union has suspended its support for development projects in Myanmar to avoid providing financial assistance to the military who seized power last month, officials said on Thursday.

The 27-nation bloc informed a committee of the World Trade Organization on Thursday that it had put on hold all development cooperation that would support the military authorities, a Geneva-based trade official said.

The European Commission, the EU executive, confirmed it had put on hold the budgetary support, which has typically gone to schools, elections and rural development and is worth hundreds of millions of euros over several years.

Comments

Comments are closed for this article.