Myanmar, China sign agreements on bank loans

08:20, January 28, 2011      

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The Ministry of Finance and Revenue of Myanmar and the Export-Import Bank (Eximbank) of China Thursday signed some agreements on bank loans, the state radio and television reported in a night broadcast.

The agreements were signed by Myanmar Deputy Minister of Finance and Revenue U Hla Thein Swe and Vice President of the China Exim Bank Zhu Xinqing, and was witnessed by First Secretary of the State peace and Development Council Thiha Thura U Tin Aung Myint Oo and Chinese Ambassador Li Junhua.

The agreements include the one on renminbi loan for mutually beneficial cooperation and a main agreement between the Myanmar Foreign Trade Bank and the Chinese bank on the loan.

The other agreement is the purchaser's loan agreement concerning the construction project-2 of Nay Pyi Taw international Airport.

Source: Xinhua
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