Japan to Pledge 60 Billion Yen in Loans to Myanmar| MENAFN.COM

Wednesday, 10 August 2022 08:41 GMT

Japan to Pledge 60 Billion Yen in Loans to Myanmar

(MENAFN- Qatar News Agency) Japan's Prime Minister Shinzo Abe plans to pledge 60 billion yen in loans to Myanmar, chiefly to help it build infrastructure, at an upcoming summit with President Thein Sein, a Japanese government source said Thursday. Abe and Thein Sein, who is to attend a special summit of Japanese and ASEAN leaders from Friday in Tokyo, will also sign a memorandum of understanding on Japanese support for Myanmar's health and medical sectors in the meeting likely to take place Sunday, according to Japan's (Kyodo) News Agency. Abe promised to provide more than 90 billion yen in loans and grants during his visit to Myanmar in May, and the fresh pledge will push total economic aid promised under his administration above 150 billion yen.

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