Japan will write off billions of dollars in debt owed by Myanmar and restart development loans, the leaders of the two countries said on Saturday, in a further move to end the Southeast Asian nation's isolation and strengthen its nascent democracy.
The agreement to waive 303.5 billion yen ($3.72 billion) debt and overdue charges was reached during President Thein Sein's visit to Tokyo, the first by a Myanmar head of state in nearly three decades, signaling its steady return to the international fold after decades of brutal military rule.
(Reuters)
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