Subscribe free to our newsletters via your
. GPS News .




SUPERPOWERS
Japan calls for more Myanmar support
by Staff Writers
Tokyo (AFP) Oct 11, 2012


Japan vowed Thursday to resume loans to a reforming Myanmar and called on global creditors of the one-time pariah state to chip in more, chiding China for skipping a key lenders' meeting.

Representatives from two dozen nations and a handful of international organisations attended the meeting to discuss Myanmar, formerly known as Burma, on the sidelines of the IMF and World Bank's annual meetings in Tokyo.

Reports last month said lenders would pledge $1.0 billion for Myanmar to help pay its debts as the former military state is increasingly welcomed back into the world community.

But the meeting Thursday produced few concrete details.

"Japan is planning to resume its full programme in Myanmar with concessional loans... at the earliest possible time next year," Finance Minister Koriki Jojima told the meeting, without elaborating.

"It is high time that the international community join efforts to underpin reform efforts by Myanmar, and reintegrate Myanmar as one of its members," he added.

Myanmar's finance minister Win Shein called for more help, saying: "We are in the midst of an unprecedented and multi-faceted transition... from a state-centred economy to a free-market economy".

In a statement after the meeting, the World Bank and Asian Development Bank said they were "advancing necessary preparations to jointly assist Myanmar in clearing their respective arrears" early next year.

Japan agreed with Myanmar in April to forgive 300 billion yen ($3.8 billion) of the 500 billion yen it is owed.

Myanmar has been rapidly rehabilitated since polls that saw the election of a nominally civilian government, setting off a race to tap a potentially lucrative market which is rapidly opening up after years of isolation.

Resource-poor Japan, with its export-reliant economy, is looking to foster growth in the resource-rich Mekong region, a part of the world that is also being courted by China.

Beijing, which is embroiled in a territorial row with Tokyo and decided not to send its top two finance officials to this week's meetings, had initially planned to send a high-ranking official to Thursday's meeting.

"It is disappointing," Japan's vice finance minister Takehiko Nakao said of China's no-show.

"While multilateral efforts are being made, we really wanted (China) to come as China...has particularly strong ties with Myanmar."

.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
Chinese nationalists covet Japan's Okinawa
Beijing (AFP) Oct 10, 2012
In a glass case at Beijing's Imperial College, an 18th century book with a yellowed title page in bold, black characters is evidence - some Chinese say - that a swathe of modern-day Japan belongs to China. The two Asian powers are already at loggerheads over a set of tiny uninhabited islets in the East China Sea, even stoking fears of armed conflict. But the most aggressive Chinese nat ... read more


SUPERPOWERS
Unravelled mushroom genome offers many opportunities

Nigerian farmers sue Shell in Dutch case with global reach

Halving the food losses would feed an additional billion people

Putin Calms Russians Over Poor Harvest

SUPERPOWERS
MIT team builds most complex synthetic biology circuit yet

Origin of ultra-fast manipulation of domain walls discovered

Materials scientists prevent wear in production facilities in the electronics industry

Visionary transparent memory a step closer to reality

SUPERPOWERS
Chile deploys Israel's RecceLite system

Quickstep moves on Hercules order

Boeing: Boeing Receives $2 Billion C-17 Aircraft Sustainment Contract

Two flights grounded in China after phone threats: airline

SUPERPOWERS
Tycoon offers Chinese cars for Japanese amid row

China's September auto sales fall on Japan row

Japan's Toyota to recall 7.43 mn vehicles globally

GM says China auto sales hit record in September

SUPERPOWERS
Zambian man arrested for Chinese mine manager murder

Guatemala arrests nine in wake of deadly protest

German foreign minister due in China for talks

A tactile glove provides subtle guidance to objects in the vicinity

SUPERPOWERS
Study finds nearly 50% of retail firewood infested with insects

Northern conifers youngest of the species

Climate change cripples forests

Semi-dwarf trees may enable a green revolution for some forest crop

SUPERPOWERS
Boeing Releases Updated Geospatial Data Management Tool

First images from e2v imaging sensors on SPOT 6 Earth observation satellite

New Commercial Imaging Spacecraft Progressing at Lockheed Martin as IKONOS Satellite Achieves 13 Years in Operations

SMOS has a better look at salinity

SUPERPOWERS
Drawing a line, with carbon nanotubes

Nano-hillocks: Of mountains and craters

Nanoparticles Glow Through Thick Layer of Tissue

All systems go at the biofactory




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement