Aung San Suu Kyi’s government is opening the economy and growth is rebounding in Burma, though the possibility of broader Western sanctions over the Rohingya crisis is nevertheless giving some foreign investors pause, according to a senior IMF official.
Burmese leader bids to attract more overseas businesses to create jobs and improve Burma’s crumbling infrastructure.
Former residents of the area now being used as part of the Thilawa Special Economic Zone say they haven’t been adequately compensated for the loss of their land.
The Thilawa Special Economic Zone is fast becoming a prime destination for foreign investment, but local people say their concerns aren’t being taken seriously.
Yanghee Lee, the UN special rapporteur on human rights in Burma, calls on international investors to be careful not to undermine the country’s rights priorities.
Existing foreign investors may find their local partner facing closer scrutiny, while new investors have to consider how their potential partners attained their level of wealth.