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India extends USD 5 mln aid to Myanmar under Friendship Project

Myanmar and India signed a Memorandum of Understanding for border development in May 2012 as part of the project, under which India is to provide a total of $25 million to Myanmar, divided into five rounds with $5 million each.


Devdiscourse News Desk yangon Last Updated at 27-11-2018 09:10:51 IST India, Myanmar
India extends USD 5 mln aid to Myanmar under Friendship Project

India has extended a $5 million aid to Myanmar in the second round of funding under the Myanmar-India Friendship Project, authorities said on Tuesday.

The cash assistance was handed over by Indian Ambassador Vikram Misri to Myanmar Minister of Border Affairs Lt-Gen Ye Aung on Monday, reports Xinhua news agency.

Myanmar and India signed a Memorandum of Understanding for border development in May 2012 as part of the project, under which India is to provide a total of $25 million to Myanmar, divided into five rounds with $5 million each.

With the first round of aid, Myanmar completed eight road and bridge projects, 21 school projects and 17 health projects in Chin state and the Naga Self-Administered Zone in 2015, the authorities said.

By the second round of cash assistance extended, Myanmar will complete 20 road and bridge projects and 11 school projects.

(With inputs from agencies.)


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