Abe offers Myanmar loan for Thilawa

NAY PYI TAW — Japanese Prime Minister Shinzo Abe on Wednesday offered Myanmar a 25.8 billion yen (7.35 billion baht) loan to help development and called for a nationwide settlement of conflicts with ethnic minority rebels, Japanese officials said.
Mr Abe made the offer in a meeting with Myanmar President Thein Sein soon after he arrived in Nay Pyi taw to attend a series of events related to the Association of Southeast Asian Nations (Asean).

The Japanese government envisions the yen loan will be used to improve infrastructure of a port and power facilities in Thilawa, southern Myanmar, reinforce the country’s electricity distribution network and help lenders for small and midsize corporations, the officials said.

Mr Abe was quoted as telling Thein Sein that he hopes a nationwide cease-fire with armed ethnic minority rebels will hold and the tension between Buddhists and Muslim Rohingyas in Rakhine State will subside.

Mr Abe and Thein Sein agreed their countries will work closely in promoting the importance of the rule of law at sea on occasions such as the Asean-related summits, in an apparent reference to territorial disputes involving China in the South China Sea.

The Japanese and Myanmar leaders also agreed to cooperate closely in dealing with other regional matters such as North Korea-related issues, the officials said.

Source: Bangkok Post

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