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Unicef defends high Yangon office rent

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The United Nations children's agency defended its Myanmar office rental as "competitive" Wednesday, following a report that it was paying up to $90,000 a month amid surging prices in the commercial hub Yangon. 

In a statement responding to the Irrawaddy news website's report that it was paying the sum to a former junta general, UNICEF said rents in Yangon were "extremely high" but did not reveal what it was paying.

"We believe that the rent we have negotiated is well under market rates. It is more than we want to pay, but a good deal nonetheless and the best we were able to find," said Myanmar representative Bertrand Bainvel in the statement.

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