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New finance minister nominated

Reuters / Share:
Myanmar former Prime Minister Soe Win. Reuters

YANGON (Reuters) – Myanmar’s president on Monday nominated 80-year-old Soe Win, a well-known financial professional, as the next finance minister after the previous one resigned, amid reports he was being investigated over graft accusations.

The appointment, expected to be confirmed by parliament this week, will probably reassure potential investors worried about the slow pace of financial reform and a lack of focus on the economy by the administration of Aung San Suu Kyi, analysts say.

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