Myanmar negotiating 200 billion Euro loan from Belgium for riverbank upgrades

Myanmar is in discussion with Belgium to receive a 200 billion Euro loan that will be used to achieve better water flow by digging a sandbank in the Ayeyawady and Chindwin rivers.

According to a representative of the department of water resource and river development, a sandbank is dug each year depending on funding. Loans from other foreign countries are being pursued.

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