Wednesday, November 2, 2016

Japan pledges 800 billion yen in aid to Myanmar

Japan pledges 800 billion yen in aid to Myanmar

Japan will offer aid worth 800 billion yen (7.7 billion dollars) to Myanmar over five years to support its first democratically elected government, Prime Minister Shinzo Abe told Aung San Suu Kyi, the de facto leader of the South-East Asian country, on Wednesday in Tokyo.
"As a friend of Myanmar, Japan will give the new government our full support across the public and private sectors," Abe told a news conference.
Japan hopes to use Suu Kyi's visit as an opportunity to "dramatically develop" bilateral relations, he added.
"I expect this will contribute to the development of the country," said Suu Kyi, Myanmar's state counsellor, who arrived in Japan late Tuesday for a five-day visit.
"As we in Myanmar carve out a new page in our history, I believe that Japan will continue to walk side by side with us as a good friend and trustworthy partner," she said.
Japan's move is seen as an effort to counter China's influence in Myanmar.
Abe said Tokyo would also provide about 40 billion yen in aid over five years to support reconciliation between Myanmar's ethnic minority groups.
Suu Kyi's trip is her first to Japan since her party, the National League for Democracy, came to power in March after more than half a century of military rule.
She last travelled to the country in April 2013 when she was an opposition member of parliament.
Earlier in the day, Suu Kyi, who was awarded the 1991 Nobel Peace Prize for her opposition to Myanmar's military junta, met her countrymen in Japan, seeking their support for the development of the country.
"We need a lot of investment and many economic experts with fresh ideas," she said. "Our economy needs to be developed in every sector."
During her stay, Suu Kyi will also meet business leaders to speak to them about investing in manufacturing and agriculture in Myanmar.
She is also scheduled to meet with Emperor Akihito and Empress Michiko.
In September, when Suu Kyi and Abe met on the sidelines of Association of South-East Asian Nations meetings in Laos, the premier announced Japan would provide Myanmar with 125 billion yen (1.2 billion dollars) to support agricultural development and the elimination of poverty in the country.

https://aboutcroatia.net/news/world/japan-pledges-800-billion-yen-aid-myanmar-42721

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