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Thailand to Consider Granting Loans to Burma - 2004-08-24


Thai Prime Minister Thaksin Shinawatra says Bangkok is considering some $23 million in loans to Burma to overhaul Rangoon's telecom sector.

Mr. Thaksin denied claims that Thailand has already approved the loan package, saying the decision will be made by Thailand's Export and Import Bank.

Mr. Thaksin also dismissed concerns that his family's telecommunications company will benefit from the loan package by supplying Burma's future telecom projects.

Thai media first reported on the loan proposal Monday.

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