Friday, February 14, 2014

Country Risk Communal unrest threatens to undermine Western support for Myanmar's reforms


German president Joachim Gauck voiced concerns on 11 February over the fighting between Buddhists and Muslims in Rakhine state during his official trip to Myanmar.
His comments follow the violence in January in which 40 Rohingyas were killed in a retaliatory attack in Du Chee Yar Tan village. The Myanmar government dismissed reports of the violence, prompting criticism from the United States and United Kingdom diplomatic missions to Myanmar on 17 January 2014.


Violence is likely to escalate between Muslims and Buddhists, threatening to derail Western support for capacity-building initiatives in Myanmar and increasing the risk premium for operating within this frontier market.