Burma receives Thilawa development loan from Japan

Burmese and Japanese officials met on 30 June to sign off on an assistance loan agreement of approximately 26 billion Yen (US$212 million) extended from Tokyo to Naypyidaw to aid in development projects, according to state media. The money will reportedly be spent on infrastructure development in the Thilawa Special Economic Zone, as well as electrification schemes around Rangoon, and development for small- and medium-sized enterprises.