Myanmar’s Foreign Debt Now $5 Billion

Myanmar has over $5 billion in outstatnding foreign debt to the World Bank, Asian Development Bank and Paris Club members, a top officials said. When President U Thein Sein’s government took office in 2011 the debt amount was $11 billion, Dr Zaw Oo, economic advisor to the president, said. Of the $5 billion, $4 billion […]