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Japan Grants Burma 5 Billion Yen In Debt Relief
RANGOON (AP-Dow Jones)--Japan has granted Burma 5 billion
yen in debt relief, the Japanese Embassy said Tuesday.
Burma still owes Japan 400 billion yen.
Notes were exchanged between Japanese Ambassador Yoichi
Yamaguchi and Minister of Finance Gen. Win Tin.
The grant covers the capital and interest on Overseas
Development Assistance loans until March 1987, said a press
release from the embassy.
The intention is to produce the same effect as canceling
a debt, the statement said.
Japan granted Burma 4 billion yen worth of debt relief
in June 1995.
Also Tuesday, Japan donated $99,405 to the Burma Medical
Association for HIV/AIDS prevention projects in Burma's second
largest city, Mandalay, 560 kilometers north of Rangoon.
(END) AP-DOW JONES NEWS 27-02-96