November 3, 2016
Japan will provide aid worth 800 billion yen or 7.73 billion US dollars to Myanmar over five years to support its peace-building and development efforts, Prime Minister Shinzo Abe said on Wednesday.
He made the announcement at a joint news conference in Tokyo with State Counsellor Daw Aung San Suu Kyi.
About 40 billion yen of the aid planned by the government and private sector will be directed towards supporting ethnic minorities in the South East Asian nation.
The rest of the aid would be spent on areas such as airports and electricity projects, Japanese officials said.
He said Japan would provide the aid through the Japan-Myanmar cooperation program, including aid for regions with minorities.
He also added that Japan would accelerate the development of the Thilawa special economic zone, a Japanese-led 2,400-hectare industrial park on the outskirts of Yangon.
The 400-hectare first stage has attracted 78 companies from 15 countries so far.
PRIME MINISTER, JAPAN, H.E. SHINZO ABE: "We will provide in aid 800 billion yen to Myanmar through the Japan-Myanmar cooperation program, including aid for regions with minorities.
This is to contribute to the economic development of industrial and regional Myanmar."
The two sides also signed an Exchange of Notes for the dispatch of volunteers to Myanmar under the Japan Overseas Volunteers Programme between the two Governments.
STATE COUNSELLOR, REPUBLIC OF THE UNION OF MYANMAR, H.E. AUNG SAN SUU KYI: "We have received a lot of aid from Japan for our democratization and peace-making efforts. We strongly support this."
The State Counsellor is on a 5-day visit to Japan, and her visit hopes to bring investment and business opportunities for the country.
Ref; mitv News