Japan to waive Myanmar debt | Bangkok Post: breakingnews

Japan to waive Myanmar debt

Published: 21 Apr 2012 at 21.37
Online news:

Tokyo will waive about 300 billion yen ($3.7 billion) of debt by Myanmar and resume suspended assistance to the country, the Japanese government said Saturday.

"Myanmar's reforms are progressing with certainty," said Japanese Prime Minister Yoshihiko Noda at a joint press conference in Tokyo after meeting President Thein Sein for talks.

"At a time when Myanmar's democratisation is reaching a key stage, Japan is declaring to further support its efforts to reform and to continue bolstering assistance," he said.

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fundeena
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Discussion 3 : 22 Apr 2012 at 14.493
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The Junta knows there is money to be made in faking democracy.
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cruden
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Discussion 2 : 22 Apr 2012 at 10.202
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D#1, Yes the Junta took most of that money - which is why Japan's forgiveness of the debt dependant on democratic reforms continuing is the right thing to do. If it were a democratic (people's) government that borrowed, it would be a different.... but the money was not really borrowed by the government of the people so the people should not be responsible for repayment. Kudos to Japan.
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drake
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Discussion 1 : 22 Apr 2012 at 02.531
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The Junta who took most of that money thank you, Japan.
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