Myanmar risks defaulting on its debts, a coup d’état puts the economy into a deep recession
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Myanmar’s central bank has announced that Myanmar companies and banks borrowing money from abroad will suspend their debt repayment. Both principal and interest and to negotiate a new repayment schedule with creditors Because international reserves are depleting?
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Myanmar’s economy is at risk of collapse like Sri Lanka.
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Follow in “around the world DAILY” Tuesday, July 19, 2022 at 8:30 p.m. on PPTV HD channel 36.
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