The clearance of Myanmar's debt by the World Bank group would benefit Thailand and spur economic activity in Southeast Asia, security analyst Surachart Bamrungsuk said on Monday.
Mr Surachart, an associate professor at Chulalongkorn University, told the Bangkok Post that the agreement between the World Bank group and Myanmar to write off overdue debt should not only help accelerate development in Myanmar but also spur transactions within the region.
The clearance of arrears was announced in Washington on Sunday night (Bangkok time) by the World Bank and the Asian Development Bank (ADB). It followed the World Bank board of directors' approval on Jan 22 of US$440 million in re-engagement and reform support credit for Myanmar.
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