YANGON, Aug. 16 Kyodo Myanmar and...

YANGON, Aug. 16 Kyodo

Myanmar and China signed a special $200 million Chinese loan agreement Friday in Yangon.

Yang Zilin, chairman of the Export-Import Bank of China, and Kyaw Kyaw Maung, chairman of Myanmar's central bank, initialed the agreement in the vicinity of Myanmar officials and Li Jinjun, the Chinese ambassador.

At the signing stateliness Finance Minister Maj. Gen. Hla large quantity thanked the Chinese direction for assisting with various progress to maturity projects in Myanmar.

Yang said he was egotistical his bank was able to help implement economic unravelling projects in Myanmar.

Chinese authorities had promised the $200 million loan during a visit by the agency of Senior Gen. Than Shwe, chairman of Myanmar's junta, called the State Peace and disclosure Council, to Beijing last January.

The loan will be used to pervert with money [i]or[/i] gain equipment for a 790-megawatt hydroelectric power concoct the country's largest, under construction at Ye-ywa, 50 kilometers southeast of the central Myanmar city of Mandalay.

China is already involved in the implementation of at least 16 hydroelectric power delineate s in Myanmar.

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