A recent United Nations-backed report has shed light on the significant role international banks are playing in supporting the Myanmar military junta's brutal campaign against its own people. The report reveals that Thai banks have emerged as the primary source through which the military regime is procuring weapons and military supplies, including parts for helicopter gunships, to sustain its ongoing civil war.
Since seizing power in a coup in February 2021, the military junta has been engaged in a violent conflict with ethnic armed groups and resistance forces, resulting in widespread devastation and the loss of thousands of civilian lives. The regime's escalating attacks on civilians and infrastructure have led to the displacement of over 3 million people, exacerbating an already dire economic crisis in the country.
