Special Dollars for Dictators - WSJ

More than 250 people have been killed by government security forces in Myanmar since a Feb. 1 military coup. The Biden Administration has imposed sanctions, but then why is the U.S. Treasury moving to hand the Burmese generals a fresh $785 million in foreign aid?

This whole SDR system is absolutely insane. The IMF gives coupons to everyone, who can exchange it for dollars (except sanctioned countries). They’re gaming the system to get around US law, and less than 10% is going to the World’s poorest countries. I’m all in favor of tax dollars going out as foreign aid to poor countries, but not indiscriminately to Myanmar and Iran.