US limits on Myanmar will be reduced

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Secretary of State Hillary Rodham Clinton said yesterday that the United States would loosen some restrictions on international financial assistance and development programs in Myanmar, in response to a nascent political and economic opening in the country. The U.S. and Myanmar, formerly known as Burma, also agreed to discuss upgrading diplomatic relations - which were suspended for two decades - and exchanging ambassadors, a step that could transform U.S. diplomacy in Southeast Asia.

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