International Monetary Fund chief Christine Lagarde has announced plans to open a new office to bolster its support for Burma. Lagarde was quoted by AFP as saying the IMF office will be based at the Bank of Thailand in Bangkok and is “aimed at supporting our technical assistance for Myanmar.” No opening date was set for the new office, which will also provide help to Laos. In May, the IMF published its first report on Burma in decades, calling on authorities to speed up reforms to enhance the business and investment climate, including modernizing the financial sector and liberalizing trade.
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