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NEWS - Japan Provides More Aid to M



Japan Provides More Aid to Myanmar

            Xinhua
            04-SEP-98

            YANGON (Sept. 4) XINHUA - Japan has extended to Myanmar a
            grant-in-aid of 2 billion yen (15 million U.S. dollars) for
debt relief,
            according to a press release of the Japanese Embassy here
Friday. 

            Notes to this effect were exchanged on the same day here
between
            the two sides. 

            The grant-in-aid was extended to relieve the burden of debt
the
            Myanmar government owes to the Japanese government, the
press
            release said. 

            Japan, one of the major donors of Myanmar, has extended 20
            grants-in-aid for debt relief to the country. 

            According to official statistics, Japan's investment in
Myanmar
            reached 206 million dollars in 17 permitted projects at the
end of April
            this year, ranking ninth among 23 countries or regions which
have a
            total of 7 billion dollars of investment in the country.