Thein Sein Wins Japan Backing for Myanmar Infrastructure Efforts
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Myanmar’s President Thein Sein returns home with the support needed to resume financing ports, bridges and roads after winning a debt forgiveness deal from Japan, the Southeast Asian nation’s biggest creditor
Japan will forgive 303.5 billion yen ($3.7 billion) in loans and interest to Myanmar, according to a statement distributed to reporters before Thein Sein met Prime Minister Yoshihiko Noda on April 21. Japan will also roll over 198.9 billion yen of debt, and vowed to resume aid.