Irrawaddy-Nov 5

Myanmar’s civilian National Unity Government will start selling bonds this month to fund the revolutionary movement against the junta. It is a first for shadow administrations from Myanmar opposing military rule since the 1962 coup. A large majority of Myanmar’s population rejects military rule and the junta faces opposition in various forms, including flash-mob protests, armed resistance, cyberattacks and advocacy. The NUG, which was largely formed by the National League for Democracy and representatives of ethnic minorities and anti-regime protest groups in April, said the bond sales will offer no interest. Anti-regime movements have been largely supported by donations since the February coup, although the NUG officially introduced voluntary taxation in August. Excluding military spending, the NUG is hoping to raise at least US$800 million (1.4 trillion kyats) for social and humanitarian support, including health care, education, social care and funding for military personnel and police officers who defect. The alternative government is offering three ways to contribute: lottery ticket sales, bonds and voluntary tax. In a month, the NUG said it collected more than $150,000 in taxes. Read more at: https://www.irrawaddy.com/news/burma/myanmars-civilian-government-to-start-selling-bonds-to-fund-revolution.html