The government plans to repay original loan amount and interests from profits generated from the projects as most projects are financed by oversea loans and, said Soe Win, Union Minister for Planning and Finance.

“We want the best investors. That is to say, we want well known investors to invest in the country. We are trying to create the favorable environments for investors,” he added.

The country sees infrastructure gaps. Narrowing the infrastructure gaps will help the government to successfully implement the country’s development goals. The government will draft the priority projects for infrastructural development to enable the people to include in the project bank under the MSDP, he added.

On March 31, 2018, the country’s external debt hit over US$ 10 billion, according to the Joint Public Account Committee report. The Joint Public Account Committee submitted its finding report on the government’s debt report for 2017-2018 fiscal year sent by the Union government at the session of Union Parliament on November 29.

The Joint Public Account Committee pointed out that it needs to describe the currency exchange rates that occurred in the time of loan-taking and differences caused by the local currency depreciation. Respective ministries need to draft the exact policies for dealing with heavy debt burdens caused by the local currency depreciation and the debt repayment. Department and organizations should not take loans in advance without any reason as they will have to pay interests.

Despite soft-and long-term loans, there may be risk of loss more or less and advantages and disadvantages. For the effective management of these risks, respective ministries need to systematically implement the development projects including the projects implemented with the use of oversea loans, during the designated period, ensure the success of the projects and make supervision for generating the profits and supervise the full implementation of tasks described in the debt management strategy.