Myanmar borrowed about US$9.6 billion from 19 international financial institutions up to the end of 2013.
Myanmar was $5 billion in debt before 1988, when General Ne Win came to power, and $3 billion in debt from 1988 to 2011. Under the new government, Myanmar has borrowed nearly $1 billion. Thus, Myanmar’s debt has reached $9.6 billion. About $4 billion, or 42 per cent of these loans, came from the People’s Republic of China.