Norway cancels Mayanmar debts

The Norwegian Government has decided to cancel all of Mayanmar's debts to Norway, nearly NOK 3 billion, according to Mayanmar's own government.

The so-called Paris Club of creditor nations has agreed to reduce Mayanmar's debts by 50 per cent.

Japan is cancelling debts worth NOK 16.5 billion.

Altogether NOK 33 billion of Mayanmar's debts will be cancelled, according to an announcement by the country's government.

(NRK)

Monday, 28 January 2013 08:15

Posted in Section: News - Category: News

Written by Rolleiv Solholm

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