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World Bank: Inflation, poverty keep climbing in war-torn Myanmar

World Bank: Inflation, poverty keep climbing in war-torn Myanmar

Voice of America
Wednesday, June 12, 2024 10:01:49 PM UTC

FILE - A driver hands over Myanmar kyats to an attendant as payment for fuel at a gas station in Yangon, Myanmar, on Nov. 12, 2021. The kyat was trading on the black market for more than 4,500 to the dollar in May 2024. FILE - Anti-coup protesters gesture with a three-fingers salute, a symbol of resistance to the military junta, during a police crackdown in Thaketa township, Yangon, Myanmar, March 27, 2021.

Myanmar’s economy shows no signs of recovering from the 2021 military coup, as civil war drives more workers abroad, pushes inflation into triple digits in some parts of the country and pulls it deeper into poverty, a new World Bank report says.

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