AIIB and World Bank Group financially exposed to Myanmar military business
JUSTICE FOR MYANMAR
Dear all,
The Asian Infrastructure Investment Bank (AIIB) is indirectly financing a telecommunications infrastructure company in business with the Myanmar military, calling into question the thoroughness of the bank’s human rights due diligence. The company, Myanmar Fiber Optic Communication Network (MFOCN), has also benefited from World Bank-sponsored loan guarantees.
Justice For Myanmar calls on AIIB and the World Bank Group to immediately suspend support for MFOCN and urgently investigate all ongoing and proposed investments and guarantees in Myanmar, whether direct or via intermediaries, to prevent projects from benefiting the Myanmar junta and its conglomerates. Shareholders must ensure the AIIB and World Bank Group do not profit from military-linked business activities. We further call for a halt to any new investments until democracy is restored, with the military under civilian control.
See more online here: https://www.justiceformyanmar.org/stories/aiib-and-world-bank-group-financially-exposed-to-myanmar-military-business
Regards,
Justice For Myanmar
Justice For Myanmar is a covert group of activists using research, data visualisation and reporting to expose the companies and criminals profiting from brutality, war crimes and mass-scale suffering.
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