Burma demands more time for repayment of loan

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Investment	2006-11-23 21:08:38-05
Burma demands more time for repayment of loan

Bangkok, Nov 24: Thailand has made no commitment give into Burma's request to extend the period of repayment of a 4 billion baht loan by one year, saying Burma might have difficulty meeting the deadline. The previous government of then Prime Minister Thaksin Shinawatra approved the loan through the Export-Import (Exim) Bank to improve infrastructure in Burma. The Burmese government has so far taken only 2.7 million baht and the rest has to be taken from the Exim Bank by the end of the year. Surayud told reporters the request would have to be considered by the Export-Import (Exim) Bank of Thailand. An Exim Bank official said previous loans to Burma had been repaid on time. The bank's consideration of an extension of the repayment of the current loan would depend "on the reason why the customer wants to extend the payment period," he said. The Thai organizations involved in the loan were recently investigated by Thai anti-graft bodies, investigating possible Thaksin family conflicts of interest. During his Naypyidaw talks, Surayud discussed with Burmese officials plans to register Burmese migrants working in Thailand. The Burmese government recently approved documents for 10,000 Burmese citizens allowing them to apply for visas to work legally in Thailand. Others topics of the Naypyidaw talks included energy cooperation, closer joint efforts on narcotics drugs suppression and health issues, especially the problem of HIV/AIDS. Thailand has offered help to tackle the problem.

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