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How Good Burma Being Least Develo
- Subject: How Good Burma Being Least Develo
- From: ktint@xxxxxxxxxxxxx
- Date: Tue, 26 Nov 1996 11:33:00
Subject: How Good Burma Being Least Developed?
JAPAN TO GIVE 4 BILLION YEN DEBT-RELIEF GRANT TO SLORC
Slorc: "How Good Burma Being Least Developed?"
Kyodo News: Rangoon Nov.26, 1996.
Japan and Myanmar exchanged notes paving the way for a Japanese
government debt-relief grant of 4 billion yen ($35.7 million) for the
first half of fiscal 1996, the Japanese Embassy here said Tuesday.
Since Myanmar was declared a least developed developing country
(LDDC) in 1987, Japan has extended debt-relief grants to cover the
interest and part of the capital. Myanmar owed Japan more than 400
billion yen ($3.6 billion) when Japanese loans were stopped in 1988.