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Campaign Group Criticizes World Bank Subsidiary for Funding Hotel, Real Estate in Burma


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Campaign Group Criticizes World Bank Subsidiary for Funding Hotel, Real Estate in Burma
By PAUL VRIEZE / THE IRRAWADDY| Friday, May 30, 2014 |
The US Campaign for Burma has criticized the International Finance Corporation (IFC)’s decision to invest about US$170 million in the private sector development of upscale hotels and real estate in Burma, and said the projects would do little to alleviate poverty in the country.

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