Japan to resume financial aid for Myanmar
News On Japan via Wall Street Journal -- Oct 12

Japan announced a plan Thursday to restart yen loans to rapidly reforming Myanmar, as Tokyo steps up efforts to help bring the once-pariah Southeast Asian nation into the fold of the global economy and benefit from its high economic growth potential.

"Japan is planning to resume its full program in Myanmar with yen loans to help support Myanmar's sustainable economic development...at the earliest possible timing next year," Japanese Finance Minister Koriki Jojima said in his opening remarks at a meeting of international officials on Myanmar's overdue debt.

Mr. Jojima offered no hints on the size of potential loans, but said Japan wants to help Myanmar in areas such as electricity and road rehabilitation, rural development and improvement of port facilities.

The gathering represents a stepped-up effort by host country Japan to bring major nations a step closer to a deal to address the issue of Myanmar's international arrears. Those overdue debts have long hindered inflows of new funds needed to reinforce the Southeast Asian state's growth prospects and embryonic democratization.

政府は、IMF=国際通貨基金と世界銀行の総会に合わせてミャンマーのために国際会議を開き、民主化の進むミャンマーに経済支援することを表明しました。




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