US announces limited Myanmar sanctions lifting

The United States on Monday lifted one of its many sanctions against Myanmar in recognition of recent positive moves toward political reform in the country after decades of direct military rule.
US Secretary of State Hillary Clinton signed a partial waiver of restrictions imposed on Myanmar, formerly known as Burma, under the Trafficking Victims Protection Act, the State Department said in a statement.
The waiver will allow assessment missions and limited technical assistance in Myanmar by international financial institutions (IFIs) such as the World Bank, the Asian Development Bank, and the International Monetary Fund.
A nominally-civilian government came to power in Myanmar last year following controversial November 2010 elections and has since surprised observers with a number of positive moves including a major release of political prisoners.

REF: Straits Times