The US on Tuesday lifted partial sanctions against Myanmar as "reward" for reforms.
"The Treasury Department said that it would no longer bar financial transactions in the country formerly known as Burma if the money is going toward projects that "meet basic human needs" or promote democracy." Is building a hotel in Myanmar serving basic human needs?
However yet to come is basis financial services like credit card, which for now means US based companies like Visa, Mastercard etc. Mass consumerism and tourism heavily depends on credit cards and as long as Myanmar is denied the use of credit cards the economy is not likely to show much vibrancy.
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