Myanmar cancelled bulk of $ 11.3B in outstanding foreign debts . Myanmar reached agreement with Paris Club creditors , World Bank , etc . The Paris Club is an informal group of creditor countries that consult regularly on issues including loan restructuring and debt cancellation , particularly for heavily indebted poor countries . Paris Club also cancels at least 50 % of further $ 4.4B in bilateral debt .
Myanmar cancelled bulk of $ 11.3B in outstanding foreign debts . Myanmar reached agreement with Paris Club creditors , World Bank , etc . Paris Club also cancels at least 50 % of further $ 4.4B in bilateral debt .