Sunday, April 22, 2012
Japan forgives $3.7 billion of Myanmar's debt - thank you White Dragons!
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.
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