BRIEF – Parliament approves new international loans for infrastructure

Burma’s parliament on Thursday approved a series of international loans to improve the country’s infrastructure, state media reports. The South Korean Economic Development Cooperation Fund will loan Naypyidaw US$137.83 million to be used by the Ministry of Construction for rural development in Rangoon and Irrawaddy divisions. MPs also voted to approve US$21 million in loans from the Japan International Cooperation Agency for the electric power and transport ministries.