Japan to loan Myanmar over 25b yen: state-run media

[YANGON] Japan will grant Myanmar a 25.89 billion yen (S$284 million) loan as Official Development Assistance (ODA) under an agreement signed between the two countries in Naypyidaw on Tuesday, the state-run Global New Light of Myanmar reported.

The loans will be spent on Yangon City electrification project, infrastructure development project in Thilawa Special Economic Zone and small- and medium-scale enterprise development project, the paper added.

Source: The Business Times

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