The Asian Development Bank (ADB) and the World Bank have granted fresh loans to Myanmar, while other creditors have cut half its debt in order to help the socio-economic development of the country.
The ADB has allowed $512m (£325m, €380m) to the country, while the World Bank approved a $440m loan, after Myanmar, also called Burma, cleared its overdue to the banks with Japanese aid.
"Myanmar has come a long way in its economic transformation, undertaking unprecedented reforms... (Continue Reading)
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