Japan announces nearly $8 bn for Myanmar growth

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Japanese Prime Minister Shinzo Abe on Wednesday announced nearly $ 8 billion in aid, loans and investment to promote development and reconciliation in Myanmar after talks with its de facto leader Aung San Suu Kyi.

The 800 billion yen ($ 7.7 billion) package from both the public and private sectors is to be spread over five years, Abe said. “This is designed to help Myanmar’s nation-building through its balanced development,” Abe told reporters in a joint appearance with Suu Kyi after their talks.             

Daily Pioneer
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