Myanmar’s shadow National Unity Government said it has raised more than $100 million to fund its democracy effort and topple the junta.
About 45% of the funds are from the sales of so-called Spring Revolution Special Treasury Bonds, according to Tin Tun Naing, shadow minister for planning, finance and investment. The debt doesn’t pay interest and the capital will be repaid only when the democracy effort is successful.
Funds were also raised through the auction of military-linked properties. While buyers won’t have immediate access to the properties they had successfully bid on and paid for, the National Unity Government has promised they will be awarded the assets after the junta rule.
