$5.9 billion to be written-off and new loans to military dictatorship to begin.
Western countries, in a body called the Paris Club, have agreed to cancel 50 per cent of the debt owed to them by Burma. The World Bank and Asian Development Bank have also agreed to start lending to the Burmese government again. The move comes after the Burmese government signed-up to a set of IMF economic conditions earlier this month […]
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