Rules introduced in 2012 have seen state-owned enterprises build up cash reserves of K11.45 trillion (US$8.6 billion) in accounts that earn no interest – money that governance experts say would be better spent on infrastructure or social services.
Coming into effect last week, United States sanctions on the Myanma Oil and Gas Enterprise won’t hit as hard as they could have, but they will still shrink the junta’s coffers while avoiding harm to the wider economy.
BY Frontier
