Obama eases investment curbs on Myanmar, names ambassador
May 19, 2012
WASHINGTON (AFP) ― President Barack Obama Thursday eased investment curbs on Myanmar and named the first U.S. ambassador to the country in more than 20 years, hoping to reward a “nascent” political reform drive.But Obama, seeking maximum leverage on Myanmar’s nominally civilian government and to preserve his options in case of “backsliding,” maintained wider U.S. sanctions on Myanmar and figures linked to the former junta.“As an iron fist has unclenched in Burma, we have extended our hand, and a