Japanese Finance Minister Koriki Jojima revealed on Thursday that Burma will begin receiving new yen loans again early next year, according to a report by The Japan Times. Jojima said the new loans will start after Japan writes off a large amount of Burma’s outstanding debt in January. In April, the two countries reached a deal under which Japan agreed to cancel about 60 percent of the US $6.4 billion Burma owes to its largest creditor. He made the remarks at a meeting on Burma’s development on the sidelines of the IMF and World Bank’s annual meetings in Tokyo.
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