Japan Agrees to Give Myanmar Development Loans as Abe Visits
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Japan agreed to grant Myanmar 51 billion yen ($503 million) of development loans today, the Ministry of Foreign Affairs said in a statement.
The agreement comes as Prime Minister Shinzo Abe visits the South Asian nation, meeting today with President Thein Sein, whose moves to allow more political freedom and open the economy after five decades of military rule have helped end decades of international isolation.