July 19, 2013
Reposted from The Miami Herald
By Jacqueline Charles
More than three years after Haiti’s devastating earthquake, there are 279,000 people still living in squalid encampments, an 82 percent drop, the International Organization for Migration said Friday.
Also, the number of tent cities have dropped by 77 percent since the country was struck by a 7.0 massive quake on Jan. 12, 2010. The disaster left more than 300,000 dead and 1. 5 million homeless. The latest quake-homeless census was recorded between April and June, IOM said. More…
April 24, 2012
Reposted from The Carnegie Endowment for International Peace
Myanmar began a manged float of its currency, the kyat, on 1 April.
Myanmar’s successful by-elections and Aung San Suu Kyi’s landslide victory deservedly captured the international headlines a fortnight ago. But those headlines overshadowed an equally pathbreaking economic development. The day the preliminary election results were announced, the government held Myanmar’s first foreign exchange auction at which the U.S. dollar was traded at 818 kyat. The official rate had been 8.5. The challenge now is to keep the reform momentum going without causing macroeconomic or political instability. More…
March 7, 2012
Reposted from The Straits Times
By Joseph E. Stiglitz
YANGON – Here in Myanmar (Burma), where political change has been numbingly slow for a half-century, a new leadership is trying to embrace rapid transition from within. The government has freed political prisoners, held elections (with more on the way), begun economic reform, and is intensively courting foreign investment. More…