Tag Archives: Japan Forgives 3.7 Billion Debt

Malcolm Foster – Debt- Forgiveness For Myanmar – Japan Forgives 3.7 Billion Debt – 22 April 2012

(Lucas : If Myanmar one of the poorest countries in the world is forgiven a bit a debt that is great news and a good gesture. Is this a sign for what is coming next?)

By MALCOLM FOSTER, Associated Press

TOKYO (AP) — Japan said Saturday it will forgive about 300 billion yen ($3.7 billion) of Myanmar’s debt and resume development aid as a way to support the country’s democratic and economic reforms.

The government made the announcement after a meeting between Prime Minister Yoshihiko Noda and Myanmar President Thein Sein following a summit with leaders from the five nations of the Mekong River region.

Read more at http://www.usnews.com link to original article