Japan has signed an agreement to provide low-interest loans of 42.78 billion yen (US$413.4 million) to Myanmar to build transport infrastructure, as well as financing for small and medium-sized companies, although analysts point out that Tokyo will also expect the assistance to advance its own interests in the region.

Of the total, 27.78 billion yen will be invested on a road bridge on the East-West Economic Corridor – a key economic artery that links Myanmar with Thailand, Laos and Vietnam –…


READ  Tokyo 2020 organisers fight false rumours Olympics cancelled over coronavirus crisis


Please enter your comment!
Please enter your name here