YANGON: The World Bank will provide a restructuring loan to help Myanmar clear US$397 million in arrears by January, a senior official said on Wednesday, as the Washingtonbased development bank opened an office in the country and prepared to step up aid work there.
The World Bank has not made any loans to Myanmar since 1987 but is returning to the country, along with other big donors, after its former junta stepped aside in March 2011 and a quasicivilian government embarked on political and economic reforms.
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