Ron Burgundy Posted May 26, 2013 Share Posted May 26, 2013 YANGON (Reuters) - Japan on Sunday endorsed Myanmar's reform program by writing off nearly $2 billion in debt and extending new aid, some of which will help support an industrial zone being developed by Japanese firms near the commercial capital, Yangon. Japan agreed a year ago to forgive 176.1 billion yen ($1.74 billion) in arrears owed to it by Myanmar's government and, at the end of a three-day visit by Prime Minister Shinzo Abe, it said Myanmar had met the necessary conditions, including a series of political and economic reforms. ... View the full article Quote Link to comment Share on other sites More sharing options...
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