OriginalSourceThe IrrawaddyMyanmarLeanUnratedCredibilityUnratedPublished09:37 UTCSourceThe IrrawaddyMyanmarLeanUnratedCredibilityUnratedPublished09:37 UTC
“Myanmar’s Dwindling Debt to China, Scammers Nabbed in Shan, and More”
“Also this week, Bagladesh confirmed it is holding talks with the new ethnic rulers of Rakhine—where regime-backing China has vital business interests.”
Myanmar’s external debt to China declined; mass arrests of Chinese scammers in Shan
Key points
- Myanmar's external debt fell to US$10.34 billion last year from US$13.5 billion in 2021.
- Japan is now Myanmar's largest foreign government lender, reducing China's role to about US$1.7 billion by end-2024.
- China Eximbank has not issued a new loan since 2019 amid deteriorating operating conditions in Myanmar.
- AidData estimates $14.7 billion in Chinese development finance to Myanmar from 2000-2023 across 505 projects.
- Authorities arrested 759 foreigners (including 502 Chinese) for scam operations in Shan State between Aug and Oct.
How it got here
The Irrawaddy publishes the article.
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